The chairman of the Work and Pensions Committee Frank Field has written a letter to the pensions minister urging him to commit now to legislation for the pensions dashboard.
In the letter - sent on 29 November - Field pressed Guy Opperman to take action - noting that industry representatives are "keen to get started" but "urgently need the government to announce its intentions so that they can prepare".
It comes amid concerns that the government seems to be stepping back from the project, leaving it solely up to the industry to deliver the dashboard, which is due to launch in April 2019.
The letter noted that the government must make it clear it is going to bring forward legislation to require firms to provide access to customer data. It said that, without compulsion, there will be no level playing field and not all firms will choose to provide data.
It also stated that to make the dashboard happen, there needs to be a secure authentication mechanism to verify the identity of customers, along the lines of the government's verify service. "There is a clear role for government to play in providing this", it added.
Furthermore, Field explained that independent governance is crucial for ensuring that the dashboard works for customers and can command their confidence. "This might involve a board with a mix of consumer and industry representation.
It also noted there is a risk that, without appropriate regulation, a dashboard could make it easier for consumers to fall victim to scams or bad practice. "Data security mechanisms and regulatory protection must be in place before the dashboard goes live."
The DWP's feasibility study on the project - which will assess whether compulsion is needed, if there should be multiple dashboards, and who should host the online tool - was due to be published in the spring, but has yet to appear.
Origo managing director Anthony Rafferty said: "There is no doubt in my mind that the pensions dashboard will be instrumental in helping people to become more engaged with their pensions and also their retirement planning.
"With suitable controls and combined with education, guidance and advice the Pensions Dashboard can be a massive catalyst to help consumers prepare for, and equally importantly, enjoy their retirement.
"Furthermore, we believe that the Pensions Dashboard will be a foundation for innovation with the long term savings industry and will be one of the biggest catalysts to engagement the industry has ever had."
Reports emerged in July that then secretary of state for work and pensions Esther McVey, was planning to kill off the project. Last month, she made a statement reiterating the government's support for an "industry-led dashboard".
In September, senior decision makers from more than 20 major pension providers and administrators came together in a meeting held by Origo to discuss how the industry might deliver the dashboard.
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