Pensions Dashboards delay must be kept to an absolute minimum to avoid dashboards ‘limbo’ – Steve Webb, LCP
Pensions & benefits Governance, secretarial and cyber risk Pensions data services Pensions administration Pensions dashboards
The Department for Work and Pensions (DWP) has announced a ‘re-set’ of the timetable for the Pensions Dashboards Programme (PDP), with no specific revised schedule.
Commenting on the announcement, LCP partner and former pensions minister Steve Webb said:
“This latest delay in the rollout of pensions dashboards to the public is deeply frustrating. The end goal of a website where people can see all of their pensions in one place would be of huge value to pension savers. It will help people to find pension pots they have lost track of and will enable them to rationalise and make the best use of the pots that they do have. The government must ensure that any delay is kept to an absolute minimum. The lack of a firm new timetable will leave the industry in limbo, and this uncertainty must be resolved as soon as possible.”