Beta pensions dashboard due by March

12 September 2016
Beta pensions dashboard due by March

There's been a lot of talk about the government's pensions dashboard, and it looks like there's going to be a beta version ready to try out, in time for March 2017.

The Treasury has come to an agreement with some of the pension sector's biggest players, with Aviva, HSBC, Royal London, Standard Life and Zurich among those who are on board.

The Association of British Insurers has agreed that they'll manage this prototype of the scheme.

If you have missed the news about the dashboard, basically, it will be a free platform which will allow you to have a look at your pension pot online, without too much hassle.

The idea is that this will give people more control over their retirement funds, now that new pension freedoms are in place.

If you've got a number of pensions from different jobs, as well as your own private one, then having a free-to-use dashboard online could be very useful at seeing what you've got, when retirement comes along.

Aviva's chief digital officer Andrew Brem said: "I'm delighted to host the launch of the pensions dashboard at Aviva's digital garage. The pensions dashboard is a vital tool in increasing engagement with savings and I'm really pleased that we are working on the pilot."

"As an industry we need to make it as easy as possible for people to get a view of all their retirement savings in one place to help them take control of their future."

However, don't get too excited - the full version of this dashboard is not likely to be finished and fully released to the wider public until 2019.

TOPICS:   Banking

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