Businesses support the government’s ambitious proposals for dashboards which offer significant opportunities for employee engagement, but must act fast to ensure compliance.
What are pensions dashboards?
Dashboards will bring peoples’ pensions information together into one place online, thereby helping savers keep track of or reconnect with their pension pots.
For employers, there is hope that dashboards can dramatically increase financial wellbeing and knowledge, thereby driving better engagement with employees on pensions issues. In turn, this could improve employers’ understanding of how their pension schemes can best reflect their workforce’s needs and values.
Dashboards might also drive further consolidation in the pensions industry, improving value