Pensions: Consumer Information

Department for Work and Pensions written question – answered at on 18 April 2024.

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Photo of Nick Smith Nick Smith Shadow Deputy Leader of the House of Commons

To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 15 April 2024 to Question 20581 on Pensions: Consumer Information, what steps he plans to take to report progress towards the Dashboards Available Point to (a) Parliament and (b) other key stakeholders.

Photo of Paul Maynard Paul Maynard The Parliamentary Under-Secretary of State for Work and Pensions

Before a specific date for the Dashboards Available Point can be determined, the Secretary of State for Work and Pensions must first have regard to a number of relevant matters, including sufficient level of coverage, assurance of the safety, security and reliability of the service and testing of the user experience. Once satisfied that the dashboards ecosystem is ready to support widespread use of pensions dashboard services by the general public, following consultation with the Money and Pensions Service, The Pensions Regulator and the Financial Conduct Authority, the Secretary of State will then issue a notice at least six months in advance of the launch of pensions dashboard services.

Officials in my department are working closely with key delivery partners to refine these relevant matters which includes recognition of keeping Parliament and the wider pensions industry informed of reporting progress towards the Dashboards Available Point. This is in line with our commitment of working closely with industry on successfully launching pensions dashboard services safely and securely at the earliest opportunity.

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