Pensions: Consumer Information

(asked on 26th March 2024) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, if he will make an estimate of the number of users that will have accessed Pensions Dashboards by (a) 30 April 2025 and (b) 31 October 2026.


Answered by
Paul Maynard Portrait
Paul Maynard
Parliamentary Under-Secretary (Department for Work and Pensions)
This question was answered on 15th April 2024

Pensions dashboard services will become available for widespread use by the general public at the Dashboards Available Point. A specific date for the Dashboards Available Point cannot yet be determined as 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, 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 for use by the general public.

Under the central scenario (best estimate) in the impact assessment for the Pensions Dashboards (Amendment) Regulations 2023 (which can be found at: https://www.legislation.gov.uk/ukia/2023/89/pdfs/ukia_20230089_en.pdf), we estimate the number of users of pensions dashboard services will increase to around 16 million in the years following the Dashboards Available Point.

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