Static pensions dashboard could ruin essential saver engagement -ABI

The ABI says forthcoming legislation around dashboards services needs rethinking

Hope William-Smith
clock • 3 min read

Pensions dashboards must be interactive and meet younger age groups’ digital demands, according to the Association of British Insurers (ABI).

The trade body said the project was "a once in a generation opportunity" to engage savers but that the current regulatory regime falls flat of meeting their needs. Current proposals for the dashboard will only allow used to see their pension pots in one place which the ABI has slammed as a "read-only service" in research findings published today (19 January). The research - conducted with Britain Thinks - found that 60% of savers thought a dashboard would help them understand their pension better. Two in three working adults said they would use a dashboard, while 70% said they want...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Big difference: Ways to tackle the growing pensions gender gap

Big difference: Ways to tackle the growing pensions gender gap

'Of course, for single women, the pension gender gap absolutely matters'

Lisa Webster
clock 03 May 2024 • 3 min read
Boring Money and Wealth Wizards link to plug advice gap

Boring Money and Wealth Wizards link to plug advice gap

Strategic partnership to improve access to financial advice

Jenna Brown
clock 01 May 2024 • 2 min read
FCA tweaks rules ahead of pensions dashboard connection dates

FCA tweaks rules ahead of pensions dashboard connection dates

Firms will be COBS 19.11 compliant when they connect to CDA

Jasmine Urquhart
clock 01 May 2024 • 1 min read