The Department for Work and Pensions will today publish the results of its feasibility report on pensions dashboards, and has committed to introducing legislation to ensure dashboards have the information they need to function effectively.
Chair of the Work and Pensions Select Committee, Rt Hon Frank Field MP commented:
“Pensions dashboards could have a transformative effect, by empowering consumers to plan for retirement and by reuniting them with ‘lost’ pension pots. It’s hugely welcome that the Government is at last pressing ahead with this crucial project. For dashboards to work for consumers, the right protections must be in place from day one—the Committee will be keeping a watching brief on the Government’s plans as they take shape.”