The financial services sector must not waste the chance to deliver on the promise of the pension dashboard, writes David Simpson, as he urges businesses to have their say while the DWP consultation remains open
After lengthy delays, the Department for Work & Pensions (DWP) finally revealed its plans for multiple pension dashboards in a consultation launched last month. While the initiative to provide a single view of all pensions and their projected income is to be welcomed, the government's feasibility report raises a number of issues and contradictions that ought to be addressed in the final delivery strategy. The DWP has decided to create a non-profit dashboard first, led by the new Single Financial Guidance Body (SFGB), followed by other provider-sponsored commercial models. Given the prior...
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