The dashboard is potentially the ultimate disruptor as its remit could go far beyond pensions, Michael Johnson has said.
Speaking at the annual Barnett Waddingham defined contribution (DC) conference, the Centre for Policy Studies research fellow said while its focus has been on pensions, he argued it should cover personal finance more widely.
He said: "A pensions dashboard should be merely the first step towards a comprehensive dashboard to display all facets of our personal finances."
He added: "The dashboard is potentially the ultimate disruptor. You could have far more than pension information on there. These include other aspects of your financial life such as bank accounts, mortgages and other types of savings."
Established companies such as life insurers are reluctant to support a concept like the dashboard as they have no interest in giving up valuable commercial information, he added.
Johnson also lamented low UK savings rates and the risk that people born in the 1980s or 1990s would be poorer than their parents.
He said "things are going to change dramatically over the next 18 months", hinting the lifetime ISA and pension dashboard could be part of the process.
These include Aviva, Aon Hewitt, B&CE, HSBC, LV=, NEST, Now Pensions, Royal London, Standard Life, Willis Towers Watson, and Zurich.
More than half of BlackRock’s flagship UK defined contribution (DC) default fund’s assets will be invested in ESG strategies by June 2021.
Technology platform PensionSync has partnered with quantum employment pioneer My Digital to help contractors and employers manage pensions as more workers do temporary work for multiple firms.
Capita Pensions has partnered with data technology solutions firm Intellica to tackle the GMP equalisation challenges facing pension schemes.
Graeme Bold says the right communications can improve both the level of savings and the outcomes for savers.