Pensions dashboards should have interactive features, says ABI
Pensions dashboards should have interactive features to meet younger people’s digital needs, according to the Association of British Insurers (ABI).
The ABI commissioned research which found that seven in 10 working people would like dashboards to be interactive.
The industry has been working on dashboards which will allow people to see all their pensions in one place for several years.
Younger people were more likely than those of retirement age to want options which are not just “read-only”, including using modelling tools to see what would happen if they adjust how much they contribute to their pension.
The Government and regulators are expected to consult on pensions dashboards regulations in the coming weeks.
Yvonne Braun, director of long-term savings at the ABI, said: “Our new research is clear: pensions dashboards will be very popular. But most people want to be able to actively engage with their pensions on dashboards, rather than use a read-only, static website.
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