Pensions: Advisory Services

Department for Work and Pensions written question – answered at on 5 February 2018.

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Photo of Paul Masterton Paul Masterton Conservative, East Renfrewshire

To ask the Secretary of State for Work and Pensions, what discussions her Department has had with the Financial Conduct Authority on making the provision of pensions dashboards a regulated activity.

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

The DWP is leading a feasibility project to consider a range of issues that need to be determined in order to deliver the pensions dashboard.

Pensions dashboards would involve access to personal information about pensions. Therefore, we would need to ensure that appropriate governance is in place so that the information on a pensions dashboards is presented and used in a way that is in the customer’s best interest.

The DWP is working with other government departments, industry, consumer facing organisations and the regulators – The Pensions Regulator and Financial Conduct Authority – to carry out the feasibility work, and is expected to publish its findings in March 2018.

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