Data difficulties around the state pension and guaranteed minimum pensions (GMP) can be overcome to create a pensions dashboard, according to Steve Webb.
The dashboard would give consumers access to information about all their pension pots, including the state pension, in one place. It was called for in the Financial Advice Market Review (FAMR) and is due to be implemented by 2019. Webb, the ex-pensions minister who is now policy director at Royal London, has called on the government to drive the initiative forward. However, the government has previously said it is up to the industry to sort out the technology and facilitate the project. While incorporating the state pension and GMP data are part of a "bucket list of problems" to creat...
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