UK. Insurers call for pension dashboard regulation as tech set to launch
Insurers have called on the government to start legislating for a pensions dashboard, as they prepare to launch the first working prototype next month.
In last year’s Budget the Treasury set out expectations for the pensions industry to build a dashboard to allow people to see where all their retirement savings are by 2019.
The Association of British Insurers (ABI) has taken responsibility for organising the project. Currently 17 providers have signed up to help develop the dashboard.
Technology for the dashboard is now in place, and will be demonstrated at the UK’s fintech week in April.
However, the dashboard will not be available to the public until 2019 because legislation needs to be put in place to allow pension providers to use clients’ information. Until then the prototype will not use real client data.
Full Content: City Wire
