View more on these topics

Pensions dashboard could face 15 million requests

Tablet-Technology-Computer-Business-700x450.jpgThe pensions dashboard could face requests from 15 million consumers when it goes live and must be built accordingly, according to technology provider Origo.

The firm has come to this figure through its own research and discussions it has had with providers and banks who operate consumer-facing platforms.

The infrastructure underpinning the pensions dashboard must be designed to handle significant volumes of consumers from day one to cope with peaks and troughs in usage, Origo argues.

Pensions minister Guy Opperman has committed to launching the pensions dashboard by the end of 2019 and the work and pensions select committee recommended government implements a single dashboard by April 2019.

Origo managing director Anthony Rafferty says: “It is imperative that the industry is able to deliver and maintain all the underlying services and data in a way that is secure, robust and scalable to handle 15 million consumers.

“Other European countries that have adopted the single dashboard approach, are now experiencing external demand for application programming interfaces [methods allowing communication between various software components] to access consumer pension data from fintechs – which is also now driving an increase in usage.”

He adds: “So, whether there is one or multiple dashboards from launch, as is still being debated, the underlying infrastructure must be flexible to cope with future technological requirements.

“Over time, demand for the service can only grow as more people join workplace pensions, particularly through auto enrolment, and those also wishing to check on their state pension.”

Recommended

Clearing the hurdles facing the pensions dashboard

The pensions dashboard is a simple idea that seems to have become increasingly complicated. It was devised as a way of people being able to see all their pensions in one place, including those they may have lost touch with over time, so they could make informed decisions about them. However, making the pensions dashboard a reality has […]

3

Which firms are winning the race on wealth management?

Traditional wealth managers have proved themselves to be scalable and profitable businesses despite the hype caused by robo-advice models, analysts say. Wealth managers have also been shown to be more robust than pure asset managers amid mounting pressure on fund performance and fees. While Hargreaves Lansdown and St James’s Place continue to make the headlines […]

Tax year-end planning with the family

From the Technical team at Prudential Let’s face it, many aspects of financial planning involve a lot of technical detail. At our face-to-face events, we’ve had great success bringing these technical topics to life through the use of practical case studies. Meet the family Prudential’s Planning Matters hub brings together a fictional family and explores […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment