The Pension Dashboard Programme launch has just been announced by The Department of Work and Pensions. With this in mind, Lily Megson, Policy Director at My Pension Expert, commented: “The Pension Dashboard Programme is an incredibly ambitious project. And I applaud the government for not rushing to push out an inadequate project; it must be done right.

 

“That said, this delay is a disappointing turn of events. Now, the government must ensure that consumers have the right financial support to help them achieve the financially secure retirement they deserve. After all, My Pension Expert’s research found that just 35% of UK adults believe they will be able to retire when they want to.

“If the Pension Dashboard is facing indefinite delays, the government must ask itself what further support can be provided in the interim. And one option could be ensuring all consumers are aware of independent financial advice, which can help them to better understand the state of their retirement finances and make informed decisions about their money. 
 
“The Pension Dashboard Programme has the potential to transform pension engagement – and I hope the government soon outlines when we can expect the new launch date. Until then, I implore ministers to ensure support for savers remains a top priority. Otherwise, we risk seeing the UK’s confidence in its financial future continuing to slip.”

-