The oft-delayed project slips ever-further.
The timeline for launching the UK’s pensions dashboard, a project first announced by Chancellor George Osborne back in 2016, was quietly delayed again last year.
As originally conceived, the pensions dashboard is designed to give consumers an overview of all their various pensions in one place, a growing challenge as auto-enrolment has led to many workers collecting numerous pensions during their careers.
The original timeline given by Osborne was for a launch in 2019… a date which is now listed on the website as “programme mobilisation” given the project was rebooted in 2019 to be led by the then newly-created Pensions Dashboard Programme (PDP).
Last year the PDP ran some “informal market engagement” as part of its work to scope out the project and assess IT providers needed.
“As we set out a timeline for the delivery of pensions dashboards, which will enable people to see their pensions information online, securely and in one place, we are grateful for the industry’s valuable input to date which has helped us develop a robust roadmap for development,” said Chris Curry, principal of the PDP at the Money and Pensions Service, when the 2023 timeline was announced.
“While dashboards are a simple concept, the delivery of dashboards will be complex and is reliant on collaboration between the PDP and many other organisations across Government, regulators, dashboard providers, pension schemes and providers to complete actions at a specific time.”
Despite its many critics, the PDP and pensions dashboard project is tackling a herculean task—connecting some 52m UK adults with over 40,000 pensions providers and pensions schemes.