What is a Pension Dashboard?
Rather than actually transferring pensions into a single policy (as would have been the case for Pot-Follows-Member) the Pension Dashboard would give members a virtual view of all their pension pots across all pension providers and schemes. This would allow them to find any lost pots and estimate their retirement income.
This sounds great. Who wouldn’t want such a tool? But accessing pension policy data in real time from across all the pension administration systems in the country won’t be an easy task.