Schemes face 'multi-million pound' dashboard compliance bill

LCP partner and former pensions minister Sir Steve Webb said this remains a concern for both defined benefit (DB) and defined contribution (DC) schemes after the government's latest response to its dashboard consultation, and despite assurances to the contrary. "The government needs to come clean about what is involved," he said. "If it really intends the dashboard simply to be a cut-and-paste from existing statements, then information on display will be utterly inconsistent between different pensions." The consultancy said the government should consider two options, the first being t...