A group of 20 providers has met to discuss how to make the pension dashboard a reality as the fate of the project remains uncertain.
While many industry figures and prominent MPs like work and pensions select committee chair Frank Field remain committed to the concept, earlier this month secretary of state Esther McVey put the responsibility for the project back in the hands of the industry.
She said that while the project will be “facilitated by government”, it would not take the lead role.
The move followed speculation that the government would drop the project entirely. However, the government has not yet made data provision compulsory by providers, and whether state pension information will feed into the dashboard is still uncertain.
In a meeting organised by pension technology provider Origo yesterday, providers discussed the best way to move forward in light of the government-facilitated approach.
The firm says in a statement that “there was a common desire for the government to provide clear direction in terms of compulsion, inclusion of state pension data, governance and digital identity”.
The meeting touched on how important it would be for the government to publish its feasibility study into the dashboard as soon as possible, setting a clear governance structure, and what legislation would compel the industry to participate.
Origo managing director Anthony Rafferty says: “With government willing to back the industry to take the dashboard forward, and while we await the Department for Work and Pensions’ feasibility study due out any time now, the industry has come together to discuss the issues at a practical and realistic level.
“While there has been a strong message that government involvement is crucial…I am very much encouraged by the level of enthusiasm, commitment and drive amongst the industry members present to get the dashboard up and running and serving consumers as quickly as possible.”