Asked by: Gill Furniss (Labour - Sheffield, Brightside and Hillsborough)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what the cost to the public purse of the Pensions Dashboards programme has been as of 29 January 2024.
Answered by Paul Maynard - Parliamentary Under-Secretary (Department for Work and Pensions)
The Pensions Dashboard Programme is principally funded by levy payers, through the Financial Services Levy, which is collected by the FCA from the financial services industry and the General Pensions Levy, which is a levy collected from pension schemes.
PDP has spent £52 million between 2019/20 and the end of November 2023 (with spend relating to 2023/24 subject to final audit).