Pensions and Lifetime Savings (PLSA) Director of Policy & Research, Nigel Peaple, has been named as a member of a new industry steering group that will drive forward the technology that will enable the first pensions dashboards to be created.
Mr Peaple – alongside nine other industry leaders named by the Money and Pensions Service – will work on the practicalities of establishing pensions dashboards services and making them available for use by the general public.
The PLSA has supported the creation and implementation of pensions dashboards as a means of helping savers plan their retirement income. Pensions dashboards will ensure people throughout the UK have easy online access to key information about what pensions they have, who manages them and what they are worth in one place, revolutionising how people engage with their pensions throughout their lives.
Representing the interests of consumers and stakeholders within the pensions, financial services and fintech sectors, the new steering group will support the work of the Industry Delivery Group (IDG) which has been established within the Money and Pensions Service to take forward the creation of the technology that will enable dashboards.
Applicants were asked to provide written submissions demonstrating their expertise against selection criteria, as well as testimonials proving their leadership in the field.
The steering group members are:
- Andrew Lowe (Institute and Faculty of Actuaries (IFoA) and Equiniti)
- Dominic Lindley (Independent)
- Francis Goss (AHC)
- Kim Gubler (PASA)
- Nigel Peaple (PLSA)
- Paddy Greene (Which?)
- Romi Savova (PensionBee)
- Samantha Seaton (Moneyhub)
- Will Lovegrove (Independent)
- Yvonne Braun (ABI)
Nigel Peaple, Director of Policy & Research, PLSA, said: “The Pensions Dashboard has the potential to revolutionise how people interact with their pensions by providing savers with an accurate picture of all their pension savings in a format that is easy to understand.
“I look forward to working with the other members of the steering group, the Money and Pensions Service and other key stakeholders to take this vital project forward and help savers achieve a better income in retirement.”
Sir Hector Sants, Chair of the Money and Pensions Service added: “It is vital that people are equipped with the tools and knowledge to engage with their pensions and plan for retirement. This group represents a great blend of the expertise needed to ensure the successful delivery of revolutionary pensions dashboards.”
Chris Curry, Principal of the Pensions Dashboards IDG will chair the steering group, and Angela Pober, Implementation Director of the IDG will also be a member.
Following the first steering group meeting in October, the focus will be on setting out a roadmap for the delivery of the dashboards, providing strategic guidance on delivering the best customer experience for consumers, and determining what data the pensions industry will need to provide for dashboards to be operational.