Industry not ready for pensions dashboard, Scottish Widows says

Retirement market is 'too fragmented'

Carmen Reichman
clock • 3 min read

Provider Scottish Widows has agreed with the pensions minister that a swift implementation of an industry-wide pensions dashboard will not be possible in the current market.

The provider said at present it would be difficult to harmonise consumer savings information across all providers and the state pension because the market is too fragmented and lacks a coherent approach. Consumer champion Which? had called for a dashboard to be introduced in the Chancellor's Budget next week with a clear timeline for its implementation. The organisation said it wants the dashboard to allow savers to see all their pension pots in one place, alongside their state pension forecast, after it found almost half of over 50s do not know the value of their pension. The Fina...

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

Royal London named most recommended personal pension provider

Royal London named most recommended personal pension provider

Aviva leads in SIPP market, Defaqto finds

Isabel Baxter
clock 18 September 2025 • 4 min read
Pensions industry must unite on small pension pot consolidation model

Pensions industry must unite on small pension pot consolidation model

Uniting behind one industry-led model would mean widescale consolidation by 2023

Martin Richmond
clock 16 September 2025 • 3 min read
Pension withdrawals surge 36% as FCA reports record £70.9bn accessed in 2024/25

Pension withdrawals surge 36% as FCA reports record £70.9bn accessed in 2024/25

Nearly a million pension plans were accessed for the first time during the year

Sahar Nazir
clock 16 September 2025 • 2 min read