Ex-pensions minister Steve Webb warns against 'dumb dashboards'

Concerned current pensions dashboards plans are too cautious

clock • 1 min read

Former pensions minister Steve Webb has warned against “dumb dashboards” being created by government proposals in their current form.

Webb, who is also a partner at Lane Clark & Peacock (LCP), is concerned that plans for pensions dashboards are currently too cautious. In its consultation on the topic, the Department for Work and Pensions (DWP) stated pensions dashboards will not be prevented from "offering people to export their data away from the dashboard, either to another page within the provider's system or beyond". With a potential limited use, LCP warned users may be tempted to take their data elsewhere where it will be at greater risk of scams and poor decisions. "The desire to protect consumers is unders...

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

Why the real problems of the pensions dashboard are yet to start

Why the real problems of the pensions dashboard are yet to start

'Its aims seem not only less relevant but potentially problematic'

James Floyd
clock 23 June 2025 • 5 min read
Turning data into dialogue: Helping clients visualise retirement realities

Turning data into dialogue: Helping clients visualise retirement realities

'Data is more than just a collection of figures, it's a powerful tool for engagement'

Joshua Croft
clock 20 June 2025 • 3 min read
Average pension transfer took just 11 days at tax year-end

Average pension transfer took just 11 days at tax year-end

Origo says transfer times decreased around tax year-end with half taking seven days or less

Jasmine Urquhart
clock 17 June 2025 • 2 min read