Provider Scottish Widows has agreed with the pensions minister that a swift implementation of an industry-wide pensions dashboard will not be possible in the current market.
The provider said at present it would be difficult to harmonise consumer savings information across all providers and the state pension because the market is too fragmented and lacks a coherent approach. Consumer champion Which? had called for a dashboard to be introduced in the Chancellor's Budget next week with a clear timeline for its implementation. The organisation said it wants the dashboard to allow savers to see all their pension pots in one place, alongside their state pension forecast, after it found almost half of over 50s do not know the value of their pension. The Fina...
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