Government confirms implementation of pensions dashboards

The government has confirmed that the initiative to introduce a pensions dashboard will go ahead.

Pensions dashboards will allow those saving for retirement to view information from multiple pensions in one place stating that the dashboard will 'open up pensions to millions', and 'provide an easy-to-access online view of a saver's pensions'.

The Department for Work and Pensions (DWP) will bring forward legislation that will require pension scheme providers to make consumers' data available to them through their chosen dashboard. The plan is to include State pension information as well.

Mike Cherry, National Chairman of the Federation of Small Businesses (FSB), said:

'The government's commitment to compel pension schemes to share data with platforms through primary legislation is particularly welcome. Some urgency is now required, and we question the three to four-year timeframe for schemes to prepare data for dashboards.'

Internet links: GOV.UK Pensions dashboard fsb press release

About us

Arthur G Mead Ltd was established in 1929

Arthur G Mead is an independent firm of chartered accountants and business advisors...

Contact details

020 7387 6046

Arthur G Mead Ltd, 4th Floor, Fitzrovia House, 153-157 Cleveland Street, London W1T 6QW

Arthur G Mead Ltd, Registered in England and Wales. Registered Office 4th Floor, Fitzrovia House 153-157 Cleveland Street, London W1T 6QW. Company Number 04982444.
Registered to carry on audit work in UK and Republic of Ireland (Audit Registration Number C002822507).

© 2019 Arthur G Mead Ltd. All rights reserved. We use cookies on this website, you can find more information about cookies here. powered by totalSOLUTION