Pension Dashboard  

What technology is needed for the dashboard?

This article is part of
Guide to the pensions dashboard

"The dashboard already faced many challenges, which can only be resolved by government involvement, such as compelling all schemes to provide data when customers requested this. It now risks losing momentum."

She warned against the dashboard being "kicked into the long grass".

Article continues after advert

There are also other key players whose disappearance from the political scene could cause some problems in terms of maintaining momentum. 

George Osborne, the chancellor who mooted the whole concept of pensions freedoms back in 2014 was out of a job by 2015, and replaced as chancellor of the exchequer by Philip Hammond. 

In 2014, the pensions minister was Steve Webb (now Sir Steve Webb, head of policy at Royal London), who had been in position since 2010, making him the longest-serving pensions minister for decades.

By 2015, he was replaced by Baroness Altmann, who was summarily replaced in August 2016 by Theresa May, who had acceded to Number 10 after the UK voted to leave the European Union, giving former Prime Minister David Cameron little choice but to announce his resignation to the press before humming his way back inside to pack his suitcase. 

Now that Damian Green has been promoted to first secretary of state, David Gauke, previously chief secretary of the Treasury, is the new secretary of state for work and pensions.

If it sounds like a Yes Minister merry-go-round farce, it probably is. But in terms of policy, all this uncertainty has come at a bad time for pensions policy, financial technology, the Financial Advice Market Review and the development of the pensions dashboard.

simoney.kyriakou@ft.com