Omnium Employee Benefits

Pension dashboard delayed

The government has delayed the implementation of its new online pension dashboard, the aim of which is to enable people to view all their pensions in one place.

The dashboard was originally set to launch in 2019, but the Money and Pensions Service (MaPS) recently revealed that a fully operational dashboard system will not be available until 2023.

The scheme will allow individuals to view their pension information online, securely and in one place.

According to the MaPS, testing and development of the pensions dashboard system will begin in 2021, with voluntary onboarding and testing being available from 2022.

Chris Curry, Principal of the pension dashboard programme at MaPS, said:

“While dashboards are a simple concept, the delivery of dashboards will be complex and is reliant on collaboration between the pensions dashboards programme and many other organisations across government, regulators, dashboard providers, pension schemes and providers to complete actions at a specific time.

“The first version of the data standards, which will be published in December, will enable the industry to take action and take the next steps in making pensions dashboards a reality.”

Get in touch

We can help you put together a pension scheme to benefit your employees, or provide financial clinics to your team to help ensure that they can plan adequately for their future. Give us a call today on 01483 205890, or email on: eb@omniumbenefits.com

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