Dashboards 'need legal duty' to put savers' interests first
Savers could be at risk if no legal duty to put their interests first is placed on commercial pensions dashboards, The People's Pension has warned.
Consumers should also be given the legal right to all of their financial data in order to see a total picture of their finances, including their pension pots. The report noted that there is a need...
More on Admin / Technology
Widespread concern over complexity and cost of GMP equalisation, finds ACA
Employers are increasingly concerned about the costs and complexity associated with equalising guaranteed minimum pensions (GMPs), according to the Association of Consulting Actuaries (ACA).
Spend money on data to make dashboard beneficial, says industry
The industry needs to spend a significant amount of money on data and administration to make the dashboard worthwhile, according to pension professionals.
Pensions minister tells schemes to 'act now' on GMP equalisation
Schemes must “act now” to equalise guaranteed minimum pensions (GMPs), pensions and financial inclusion minister Guy Opperman says.
Data held by schemes 'not good enough for the dashboard'
The data the industry holds is not yet good enough for the pensions dashboard, industry experts say.
PLSA publishes retirement living standards to help savers 'picture their future'
The Pensions and Lifetime Savings Association (PLSA) has unveiled a retirement living standards tool to help members engage with their pension and set retirement targets.