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Ian McKenna joins Govt’s pensions dashboard panel

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Finance & Technology Research Centre director and Money Marketing columnist Ian McKenna, has been appointed to the Treasuy’s pensions dashboard steering group.

A pilot version of the pension dashboard is due to be released in March, with the technology available to savers from 2019.

The pensions dashboard will allow savers to access information about all their different pension funds in one place.

The appointment by the Treasury will see McKenna join the senior level of the steering group as an independent member.

The group will oversee the creation of the underlying systems that will enable consumers to access their pension data. It is hoped that this will help consumer track down £400m in pension benefits which currently go unclaimed.

The pensions dashboard was recommended as part of the Financial Advice Market Review.

McKenna says his aim was to help ensure the new dashboard included information from the broadest range of providers.

Eleven providers have signed up to the pilot so far: Aviva, Aon, HSBC, LV=, Nest, Now: Pensions, People’s Pension, Royal London, Standard Life, Zurich and Willis Towers Watson.

McKenna says: “The pension dashboard needs to bring together a wider range of diverse constituencies. Pension providers of all shapes and sizes are key to the process.

“It is also essential to include emerging fintech organisations who are delivering innovation to help consumers interact with their pensions in ways that have previously never been possible.”

He adds: “Having worked extensively with industry players, advisers and technology companies I am well placed to make sure the interests of each group are fully represented.”

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