Pension Dashboards in development
Last month, the Government reintroduced the Pension Schemes Bill which already had cross-party support before being put on hold following the decision to call an election.
The Bill contains new rules for pension dashboards – an online service which should enable you to see information from multiple pensions, including the state pension, in one place. It will also help trace lost pension plans.
It will collate information from multiple sources, which can be accessed whenever you like in the same way as you access an online bank or use cloud accounting software.
Pension dashboards should link to the Government’s Pension Tracing Service, putting you in full control of any pensions you have had over the course of your career.
At the time of writing, however, these are still being developed and not widely available to consumers.
For further information on Pension Dashboards, please contact James Alesbury on 023 8046 1222.