The Association of British Insurers has today set out its intention to take forward the next phase to deliver the Pensions Dashboard, including potentially creating a prototype. Speaking at the launch of the Pension Finder White Paper at the ABI, Director of Policy, Long Term Savings and Protection, Yvonne Braun, set out why the ABI is best placed to drive forward the project's delivery.
· Finalising the governance framework between industry, Government and regulators.
· Developing a prototype to test the technology and see how the Pension Dashboard could work for customers.
· Collaborating with the wider industry and interested FinTech start-ups.
"The Pension Finder project has laid the foundation for delivering this crucial project and its momentum must continue. As a project that is expected to be industry-led and funded, we believe the ABI is best placed to take forward the next phase to deliver the Pensions Dashboard.
The Pensions Dashboard is designed to give customers a complete overview of their pension savings. When today's savers retire, their incomes will not match those of today's pensioners, unless current savings increase. The dashboard can help to tackle under-saving as well as help savers locate lost pension pots, inform their decisions on retirement planning and support the development of automated financial advice.
2. You can see the Pension Finder Alpha White Paper here.
4. The Association of British Insurers is the leading trade association for insurers and providers of long term savings. Our 250 members include most household names and specialist providers who contribute £12bn in taxes and manage investments of £1.9trillion.