Access to financial advisers will not be a requirement for the initial pension dashboard but, rather, part of the "future vision" of the project, a report by the Association of British Insurers (ABI) has revealed.
Published today and entitled Reconnecting people with their pensions, the report has set out recommendations on what should happen next for the pension dashboard project. While it acknowledged that, as part of the "future vision" of the dashboard, third parties such as advisers would be able to access consumer data with permission, there was no mention of when this might come into effect. F&TRC director Ian McKenna, an independent member of the Treasury's steering group for the pension dashboard prototype, said he was "disappointed but not surprised" by the document. "Removing advi...
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