The government must ensure all providers are involved in the pensions dashboard and the project is delivered on time according to a technology expert.
Systemsync chief executive Willam Lovegrove told PP that momentum on the design of the dashboard has been impressive during the past six-months.
However, Lovegrove warned there is no room for complacency as the missing of deadlines and reluctance of some providers to get on board could hamper the dashboard's development.
The first working prototype is expected in March 2017 and the full consumer version should be launched by 2019.
Lovegrove said: "It is a challenge to get providers which are not so enthusiastic about participating. This could be due to the cost of setting up the dashboard or concern their funds are being compared publicly in one place."
These are the agreement and full participation of all stakeholders; establish a strong, well-balanced governance process; encourage competition at every level to drive product innovation; and set a deadline for the industry to converge on proposals.
Lovegrove added: "If all the players aren't involved, people will not able to make smarter choices about their pensions. A closed framework will also stop new tools being developed to help consumers make those choices. Warm words from government are not enough and they shouldn't be afraid to legislate in order to make the dashboard work."
The development of the dashboard is a project which depends on the collaboration of the Treasury and industry.
In mid-September the Economic Secretary to the Treasury Simon Kirby announced that the Association of British Insurers (ABI) would lead a group of 11 providers to develop a pensions dashboard prototype.
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