Origo to develop pension dashboard capability for industry
A service to help people keep track of their pension pots will be developed over the next couple of years by ecommerce firm Origo.
The project will offer a database and hub to enable financial brands and other bodies to deliver a consumer pensions dashboard.
It will be available to third party administrators, pension providers, platforms, master trusts and self-invested personal pensions across trust-based and contract-based schemes.
Origo managing director Paul Pettitt said: "Origo's Pension Register Service will provide an index as to who holds what and where. In brief, the Pension Register Service will create a shared index that can be used by government agencies and companies (pension providers, platforms, third party administrators, employers, banks, tracing services etc.) to provide their own dashboard capability direct to consumers that they have identified and authenticated as eligible for access."
The European Commission, the UK government, the Financial Conduct Authority (FCA) and a number of industry bodies and providers were promoting and supporting the idea of a pensions dashboard, Origo added.
Pettitt said 15 to 20 organisations were working on the project with Origo. "Working with the industry, Origo will be able to develop a Pension Register Service and grow the database along the lines that both the Department of Work and Pensions (DWP) and the FCA have outlined," he said.
The company cited market research from the People's Pension which found interest in a pensions dashboard among the pension-holding general public.
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