The Financial Advice Market Review (FAMR) contains a very interesting challenge to the industry, suggesting it should develop a pensions ‘dashboard' to help consumers understand what they have saved in pensions.
The FAMR document says: "There are currently a number of projects looking at the idea of a ‘pensions dashboard'. A pensions dashboard is a consumer-friendly digital interface that would display information about all of an individual's pension savings in one place. "This data would ideally be retrieved directly from providers and would not require lengthy data input by the individual. The dashboard could update in real time and contain projections of pension income based on different scenarios. These projects involve a wide range of industry and Government bodies." In our debate and re...
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