NAO finds estimated cost of dashboards has risen £54m

The spending watchdog's report – 'Investigation into the Pensions Dashboards Programme (PDP)' – noted that between 2020 and 2023, the estimated cost of the programme has rocketed by £54m to £289m. The report attributed the rise in cost to a "range of factors" including increases in supplier costs and changes to the Money and Pensions Service's (Maps) underlying costing assumptions. It also said a "lack of digital skills and ineffective governance" have led to delays. Pension providers and schemes are required to be connected to the dashboard digital architecture by no later than 31...