No Result
View All Result
Benefits Expert
  • About
  • Advertise
  • Alerts
  • Events
  • Contact
  • NEWS
  • IN DEPTH
  • PROFILE
  • PENSIONS
  • GLOBAL REWARDS
  • FINANCIAL BENEFITS
  • HEALTH & WELLBEING
  • DIVERSITY & INCLUSION
  • PODCAST
No Result
View All Result
Benefits Expert
  • NEWS
  • IN DEPTH
  • PROFILE
  • PENSIONS
  • GLOBAL REWARDS
  • FINANCIAL BENEFITS
  • HEALTH & WELLBEING
  • DIVERSITY & INCLUSION
  • PODCAST

Pension dashboard reset to cause more delays

by Benefits Expert
27/07/2023
Dashboard
Share on LinkedInShare on Twitter

The Department for Work and Pensions (DWP) has confirm that the Pensions Dashboards Programme is unlikely to meet its original delivery deadlines.

In a minister statement, the new pensions minister Laura Trott said the DWP had initiated a reset of the dashboards programme. A new chair of the board will develop a fresh plan for delivery.

Pension schemes were due to start connecting to dashboards from 31 August 2023. The so-called ‘Dashboard Available Point’ – the day when dashboards are to be available to the public – was expected to be late next year.

The announcement has been met with dismay from the industry. LCP partner Steve Webb, said: “This latest delay in the roll out of pensions dashboards to the public is deeply frustrating. The end goal, of a website where people can see all of their pensions in one place would be of huge value to pension savers.

“It will help people to find pension pots they have lost track of, and will enable them to rationalise and make best use of the pots that they do have. The Government must ensure that any delay is kept to an absolute minimum. The lack of a firm new timetable will leave industry in limbo and this uncertainty must be resolved as soon as possible”.

AJ Bell head of policy development Rachel Vahey said: “The DWP has torn up the plans for pensions dashboards and has decided to start again. After years of work across the industry and multiple government bodies, this a staggering development and means dashboards are now at risk of being mothballed until the next Parliament, and may never become a reality at all.

“For the industry this is frustrating, with countless hours of careful work put into developing dashboards. More importantly, this a huge let down for consumers. Dashboards had the potential to empower pension savers but they’ve been badly let down by a project that has over-promised and under-delivered.”

Aegon head of pensions Kate Smith added: “The pension industry has been working hard to meet the legislative staging dates, with the largest schemes and providers due to start onboarding in a matter of months. We’ve been aware since the beginning of the year that there was ‘trouble at the mill’ but are surprised that the DWP is taking such a radical step by announcing a reset.

“We are disappointed about the reset which in reality likely means an implementation delay, but we recognise that it’s really important that everything is in place before schemes connect to the dashboard ecosystem and definitely before the public accesses dashboards.

RELATED POSTS

bonus

Ofwat gains new powers to ban exec bonuses at poor performing firms

Steve Herbert, consultant, ambassador, reward, benefits, HR strategy

Systemic shake-up: it takes HR to do things right

“There’s a strong possibility that the dashboard scheme onboarding phased timeline could be moved back into next year, giving the pension dashboard programme more time to prepare for this incredibly complex programme. This will also give schemes more time to prepare, but it’s important that they carry on with their plans in the meantime rather than throwing them up in the air. The government needs to urgently confirm what this means for schemes and pension providers in practice as there are many other changes happening concurrently.

“Ultimately we believe that pension dashboards have the potential to be a gamechanger, not only connecting people with their pensions but also increasing engagement and improved financial wellbeing. However, this reset means that the public may have to wait until 2025 or beyond to access dashboards to see all their pension online and in one place.”

 

Next Post
Employee Appreciation Day prompts call for more workplace financial support

Employee Appreciation Day prompts call for more workplace financial support

National Grid and Rolls Royce among UK employers to close gender pay gap

National Grid and Rolls Royce among UK employers to close gender pay gap

SUMMIT

BENEFITS UNBOXED PODCAST

Benefits Unboxed
Benefits Unboxed

The podcast from Benefits Expert, the title for HR, reward and benefits professionals.

Seasoned professionals examine the challenges and innovations in today’s employee benefits, reward and HR sector. Every episode, they will unbox a key issue and unpack what it really means for employers and how they can tackle it.

The regulars are Claire Churchard, editor of Benefits Expert; Carole Goldsmith, HR director at the Royal Horticultural Society, and Steve Herbert, consultant and rewards & benefits veteran.

Benefits Unboxed – Wellbeing: HR is supporting everyone, but who’s supporting HR?
byBenefits Expert from Definite Article Media

As the professionals responsible for helping their organisations navigate NI hikes, rising employee stress levels and looming redundancies, the pressure on HR, reward and benefits teams has never been greater. 

HR is expected to lead with strength and compassion. But who is supporting the supporters?

In this episode of Benefits Unboxed, co-hosts Claire Churchard, Carole Goldsmith and Steve Herbert explore the emotional and ethical pressures HR face today, from managing redundancies to implementing complex legislation. They discuss why HR’s own wellbeing may not be the first topic of conversation, the risks that poses to employers, and the practical steps businesses can take to better support the wellbeing of the people who support everyone else.

This conversation shines a light on the resilience of the profession and why looking after HR is not just the right thing to do, but a business imperative.

Benefits Unboxed – Wellbeing: HR is supporting everyone, but who’s supporting HR?
Benefits Unboxed – Wellbeing: HR is supporting everyone, but who’s supporting HR?
22/05/2025
Benefits Expert from Definite Article Media
Search Results placeholder

GUIDE TO CASH PLANS



CLICK TO REQUEST A FREE COPY

OPINION

Steve Herbert, consultant, ambassador, reward, benefits, HR strategy

Systemic shake-up: it takes HR to do things right

Chris Andrew, EVP, Gallagher

Rewriting the deal: how hybrid and remote work is changing EVPs

Pat Sharman, Everyone Matters

What CEOs don’t know about workplace culture, but should

Jo Werker, CEO, Boostworks

Six proactive ways HR can build a happier, healthier workplace

SUBSCRIBE

Benefits Expert

© 2024 Definite Article Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy Policy
  • Terms & Conditions
  • Contact

Follow Benefits Expert

No Result
View All Result
  • News
  • In depth
  • Profile
  • Pensions
  • Global rewards
  • Financial benefits
  • Health & wellbeing
  • Diversity & Inclusion