Which? calls for pensions dashboard move in Budget

Half of over 50s don't know value of their pension

Carmen Reichman
clock • 2 min read

Consumer group Which? has called for the introduction of a pensions dashboard in next week's Budget after it found almost half of over 50s do not know the value of their pension.

The organisation said it wants the government to use the Budget to announce plans for a pensions dashboard, so savers can see all their pension pots in one place, alongside their state pension forecast, with a clear timetable for its implementation. Research it conducted in January found many over-50s may not know enough about their pension to be able to make an informed decision about their retirement. Providers have backed the call, saying it would be a "major step forward" in helping people plan for their retirement. Which? found 47% of workers with a personal pension are not co...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

How retirement planning has transformed over the past 50 years

How retirement planning has transformed over the past 50 years

PPI report looks at the move from predictable pensions to personal responsibility

Jonathan Stapleton
clock 21 November 2024 • 3 min read
Act now: Planning for retirement is a concern for today

Act now: Planning for retirement is a concern for today

'Don't wait until tomorrow to think about retirement'

Andrew Tully
clock 20 November 2024 • 4 min read
Government publishes Pensions Investment Review interim report and launches DC and LGPS consultations

Government publishes Pensions Investment Review interim report and launches DC and LGPS consultations

Report published as Reeves delivered inaugural Mansion House speech

Jonathan Stapleton
clock 15 November 2024 • 4 min read