The pensions dashboard, which will allow consumers to see all their pension savings in one place, should be available in one location, but hosted by a number of approved finance industry websites and apps, the project's working group has recommended.
The so-called Pension Finder Dashboard alpha group, which is overseen by not-for-profit organisation the Open Identity Exchange (OIX) and backed by the Money Advice Service (MAS) and the Association of British Insurers (ABI), based its recommendation on consumer research, which indicated a positive effect on saving habits. The group tested consumer concepts, such as consent to find all pensions, share data and forecasting future income, and said respondents were positive about the proposal and thought it would make them more proactive in managing their pensions, seeking financial advice ...
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