The government must introduce legislation to force schemes to give data to the pensions dashboard if it is to succeed, an Association of British Insurers (ABI) report says.
Last month, Professional Pensions revealed the trade body was concerned the UK was "too fragmented for a 'coalition of the willing' type approach and felt a legislative or regulatory approach was necessary
The ABI's report - Reconnecting people with their pensions, published today - has made 10 recommendations to push the dashboard forward and is the culmination of the interim phase of the pensions dashboard project.
Other recommendations in the report include an implementation timetable; creating a governance body to establish the necessary standards for all involved; and establishing a non-commercial, government-backed platform which will operate alongside services from third parties.
However the ABI argues these actions will only come to fruition if the government takes specific action to support them.
The executive summary of the report asks the "government to confirm on the record whether delivering these recommendations is a priority and indicate whether it will compel schemes to make data available".
The government should also "set out its views on the roles and responsibilities of the government and industry in making it happen".
The report added the industry's involvement "to fund and run the next phase or part of it" and "to develop firm and detailed proposals and an implementation plan" would depend on the government's position.
ABI director of policy, long term savings and protection Yvonne Braun said: "We have the support of the public and we know the technology works. It's time for the government to lay its cards on the table and be clear about what it is prepared to commit to this important project, and when.
"For such a service to succeed it needs to be as comprehensive as possible, as soon as possible, and anything which involves people's life savings must be effectively regulated."
She added: "We need a clear timetable for implementation and legislation so we can turn this great concept into a genuine public service."
1. All pension providers and schemes must make data available to consumers via regulated third parties, including occupational, personal and public service pension schemes. This compulsion requires a legislative change and a completion date stated by government.
2. Department for Work and Pensions must make data about the state pension available alongside private pension information from day one.
3. A non-commercial service, endorsed by the government, must be made available.4. To enable innovation, the government must enable an "open pensions" infrastructure that allows consumers to access their data via regulated third parties.
5. Dashboards and any other third party services showing consumers their data must be regulated to ensure consistency. Consumer protection requires legislation to establish one or more new regulated activities, which are most likely to be overseen by the Financial Conduct Authority.
6. There must be an implementation plan and timetable, endorsed by government and industry, including an approach to funding implementation and a major programme of communications.
7. An implementation entity must be charged with delivering the service and its governance. This will include establishing a governance body which oversees the network, establishes and manages data standards, is accountable for data security and setting up data sharing agreements. It must also be sustainably funded.
8. Data must be made available in a standardised digitally consumable format. This needs agreed standards, which are being delivered by industry, but which must be mandated by government and regulators.
9. An infrastructure must be set up to link schemes to dashboard providers so that consumers can find their pensions. This requires the government's backing.
10. An identity assurance scheme must be agreed. This requires a policy decision about the use of Verify in this context.
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