Steve Webb Britain Twitter track information Department experts Digital Provident Steve Webb Britain

DWP announces delay to dashboard enabling people to view State Pension and all other retirement savings online

Reading now: 614

The UK Government has announced delays to a planned timetable which will eventually allow people to view all their pension pots, including State Pension, online in one place.

The Department for Work and Pensions (DWP) said that more time is needed for the complex build of pensions dashboards to be set up.Pensions dashboards would help people to plan for their retirement and see where there may be shortfalls they need to make up.

Pension schemes were due to start connecting to dashboards from August 31, 2023, and dashboards were expected to be available to the public next year.Some experts expressed frustration at the latest announcement, saying the industry has been left in "limbo", while others said a reset is appropriate to work through complex technical solutions and challenges.

Former pensions minister Sir Steve Webb, who is now a partner at consultants LCP (Lane, Clark and Peacock), said: "This latest delay in the rollout of pensions dashboards to the public is deeply frustrating.”He continued: “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.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News