Bravura and Moneyhub have joined forces to demonstrate an end-to-end connected pensions dashboard.
The demo - due to take place at The Pensions Administration Standards Association's annual conference at around 3:25pm this afternoon - will see Bravura's integrated service provider (ISP) microservice, Dashboards Connect, link up and interact with Moneyhub's front-end commercial pensions dashboard service (PDS).
Together, these will find and view live pensions data - showcasing a fully operational front- and back-end pensions dashboard that demonstrates how a saver will be able to use a commercial pension dashboard to find and view their pensions.
As part of the PASA conference, Bravura will also connect its own prototype front-end commercial PDS to its ISP during the demo sessions, highlighting how different dashboards - potentially with a range of other tools and services - will provide different journeys and the possibilities this brings to both providers and savers.
It said, while there has been a reset of data connection deadlines from the Department for Work and Pensions (DWP), through industry collaboration, Moneyhub and Bravura have been able to build and connect to a simplified version of the Pension Dashboard Programme's (PDP's) central digital architecture (CDA) to demonstrate how the front, middle and back of the ecosystem all work together with available real data.
Bravura said that, when the PDP delivers the live CDA, this can be seamlessly migrated, connecting to the tested Moneyhub PDS and Bravura ISP services.
The two firms said this demo shows the industry is continuing to press ahead with essential testing despite the reset.
Bravura principal consultant and pensions specialist Jonathan Hawkins said: "The current delay to the PDP is a gift to the industry and one which should be used wisely. This industry-led collaboration shows how far ISP providers like ourselves and front-end commercial PDS operators like Moneyhub have come since the programme was officially announced and proves that the technology can deliver.
"When dashboards are launched to the public, they will be a huge force for good so it's important we work together to test and agree the right approach. Millions of people are expected to use dashboards to recover lost or forgotten pensions and much like other digital services, everyone will have a unique journey because of the variation of dashboards which are expected to be available to savers. The regulators and standard-setters must make sure they don't unintentionally prevent access to the market for forward-looking firms by creating unnecessary barriers that could harm innovation."
Moneyhub chief commercial officer Dan Scholey added: "We're entering a crucial phase of the programme now and whilst the data connection staging timeline resets, the fact that two leading providers have come together to move the debate forward takes us more towards the industry-led, Government coordinated, programme that DWP originally envisaged back in 2019. Industry can't deliver dashboards on its own, but we can (and must) test and show what can be done both before and after the regulation kicks in. This early testing will really add value for industry, but more importantly, for consumers.
"It's a hugely exciting time to be involved with the dashboards initiative and we're confident the decisions the FCA and PDP are currently contemplating around things like post-view services and tools will continue to embrace innovation to deliver good outcomes for both consumers and industry."
