Pensions dashboard 'UMA': The acronym to make a dream into reality

In the face of broad support for the pensions dashboard, Work and Pensions Secretary Esther McVey has backed the pensions industry to deliver one easy-to-use tool. None of us underestimate the sheer scale of the challenge of creating an interface for people to find, monitor and manage their pension savings. It has been estimated that the typical UK worker now has up to 11 separate pension pots by the time they retire, and there are no less than 40,000 pensions schemes operated by some 300 providers in the UK. But consumer behaviour and expectations have changed, and technological a...