Commenting on today’s announcement of a Pension Schemes Bill, Chris Curry, Principal Director of the Pensions Dashboards Industry Delivery Group at MaPS, said:

“To ensure pensions dashboards are a trusted and valuable service, they need the right robust framework in place. Our work is progressing, and the measures set out in the Pensions Schemes Bill are another essential part of delivering high quality dashboards. We look forward to continuing our collaboration with industry, regulators, government and consumer representatives during 2020.”

Background

The Money and Pensions Service (MaPS) is supporting the delivery of the infrastructure needed to establish pensions dashboards, which will enable consumers to see all their pension savings together online. This work is being taken forward by a delivery group, supported by a steering group representing the pensions sector, consumers and fintech.

About the Money and Pensions Service (MaPS)

The Money and Pensions Service vision is everyone making the most of their money and pensions.

MaPs is an arm’s-length body sponsored by the Department for Work and Pensions (DWP), and we have a joint commitment to provide access to the information and guidance people across the UK need, to make effective financial decisions over their lifetime. The organisation also engages with HM Treasury on policy matters relating to financial capability and debt advice.

MaPS brings together the free services previously delivered by the Money Advice Service, The Pensions Advisory Service and Pension Wise. MaPS offers customers guidance and appointments over the telephone, online and in person.