To ask the Secretary of State for Work and Pensions, with reference to the Written Statement of 4 September 2018 on Pensions Update, HCWS933, whether the proposed pensions dashboard will (a) legally require the participation of all pensions providers, (b) include the state pension and (c) provide clear and neutral information about the users’ pensions.
Answered on
16 October 2018
The DWP are working through the options around scheme participation in any potential pensions dashboard. The decision whether to legislate to compel participation depends on a number of complex issues such as the functionality, delivery model and governance arrangements. Our findings on this will be included in the feasibility study which will be published shortly.
People can access the online ‘Check your State Pension’ service through GOV.UK to get a forecast of their State Pension, where they can get information about how they may be able to improve it, as well as view their National Insurance contribution record. Check Your State Pension has provided more than ten million online estimates since its introduction in 2016. As part of our feasibility work we have been considering whether State Pension data should be available alongside private pension information. A dashboard will provide pensions information in a clear and simple form.