Pensions minister Guy Opperman has confirmed the government will support the dashboard.
In a key note address at the Pensions and Lifetime Savings Association conference he explained the Department for Work and Pensions (DWP) will take the lead in the project.
This marks a development in policy as the initiative has been supervised by the Treasury to date.
At the conference he said: "I am delighted the government has made a decision that the pensions dashboard will definitely go ahead. It has been decided that DWP will take forward the pensions dashboard project.
"A well-designed and thought through pensions dashboard has the potential to enhance consumer engagement and help people make better decisions.
"However the needs of the consumer must be at the heart of any design - we want to maximise people's engagement in their pensions while maintaining their trust. We will ensure that consumer interests are properly safeguarded and their information protected.
"We want to ensure maximum industry participation and will be working with them to that end."
Opperman shared some details about how DWP's schedule for the dashboard will develop.
"The DWP will initially lead a feasibility study to consider all the aspects. We want to analyse what work has been done far over the next three to four months. In terms of data these parts are not simple and will take some time.
"But we will take this work on at pace and aim to provide a much fuller up date in the spring of next year. Make no mistake, the dashboard will happen."
ABI director general Huw Evans said: "I am delighted the pensions dashboard is being taken forward by the government and that the hard work of the ABI and our partners to deliver a prototype will now be continued.
"A pensions dashboard is vital to helping workers keep track of their pension savings as they move employment as well as helping them track down lost pension pots likely to be worth billions in total. The long-term savings industry will work closely with the government on the next steps to help make this scheme a success for customers."
Hargreaves Lansdown head of policy Tom McPhail explained what he believed the priorities for the dashboard going forward should be.
"The priority for the pensions industry is to build widespread coverage of the dashboard, encouraging as many firms as possible to participate. The government's commitment, with the planned inclusion of state pension benefits will help to develop this coverage," he said.
However he warned progress on the dashboard would not be easy given the political context.
"Given the technical challenges of the dashboard, and the demands of Brexit, it would be unrealistic to expect the government to bring forward legislation to make participation mandatory before the project has gone live.
"Hargreaves Lansdown is committed to participating in the dashboard project and will continue to press the government to legislate at the earliest possible opportunity," he added.
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