The People’s Pension respond to Dashboard Feasibility Study
B&CE, provider of The People’s Pension, respond to Dashboard Feasibility Study
Commenting on the Pensions Dashboard Feasibility Study, Gregg McClymont, Director of Policy for B&CE, provider of The People’s Pension, said:
“I applaud Government for recognising that such a complex and sensitive project as Pensions Dashboard project can’t be handed over to the private sector to run. Putting the Single Financial Guidance Body in charge, as we’ve long-called for, is in the public interest and a welcome proposal. The emphasis on building a non- commercial dashboard initially, is crucial if the major benefit which dashboard offers – a single register that allows savers to see all their pensions in one place – is to be realised. That’s the big prize, rather than a commercial tool for providers to market their services.
“For the dashboard to become that one-stop shop that savers need it to be, it’s vital that the state pension and public pensions are included as well as workplace and retail entitlements.”
ENDS
Notes to Editors
The People’s Pension is a leading and not-for-profit master trust (multi-employer pension scheme) in the UK, with more than 4 million members from more than 80,000 employers, and £5bn Assets Under Management (accurate at 3 December 2018). We tweet as @peoplespension.