Pensions Dashboard

Oral Answers to Questions — Work and Pensions – in the House of Commons at 12:00 am on 19th November 2018.

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Photo of Kevin Foster Kevin Foster Conservative, Torbay 12:00 am, 19th November 2018

What steps the Government have taken to support industry to deliver the pensions dashboard.

Photo of Guy Opperman Guy Opperman The Parliamentary Under-Secretary of State for Work and Pensions

The pensions dashboard is the great leap forward for the pensions industry, and the Government are 100% behind it. We have consulted the industry at length and will publish our feasibility study very shortly.

Photo of Kevin Foster Kevin Foster Conservative, Torbay

I thank the Minister for his answer. The pensions dashboard will be a welcome addition to the information available to Torbay residents about their retirement plans. What work will the Government do, though, to ensure that pension schemes relating to employers of all sizes are included?

Photo of Guy Opperman Guy Opperman The Parliamentary Under-Secretary of State for Work and Pensions

In Torbay, 7,000 people now have the benefit of an auto-enrolled pension. We want to ensure that my hon. Friend’s constituents have online access to as much of their retirement savings in one place as is humanly possible through the pensions dashboard, and that is what we are going to do.

Photo of Alan Brown Alan Brown Shadow SNP Spokesperson (Transport), Shadow SNP Spokesperson (Energy)

Many of my constituents contacted me to express concern that the Government were going to scrap the pensions dashboard. I welcome the Minister’s 100% commitment, but can he tell us exactly when it is going to be delivered?

Photo of Guy Opperman Guy Opperman The Parliamentary Under-Secretary of State for Work and Pensions

The hon. Gentleman will understand that a feasibility study and consultation are pending, but I will be happy to discuss the dashboard with him in more detail if he will bear with me. There is no question but that the thousands of people in his constituency who have had the benefit of auto-enrolment, and the many thousands of employers supporting those employees, will be benefiting from the process.