Majority of schemes back pensions dashboard - ITM

But highlights challenges

Hannah Godfrey
clock • 2 min read

Nine out of ten schemes are in favour of the pensions dashboard and view it as a beneficial development for the industry and consumers alike, according to a survey by ITM.

Despite overwhelming positivity, respondents also highlighted a number of challenges that need to be overcome along the way, including data protection (35%), data quality (30%) and system access (20%). There were also calls for more engagement with schemes, given that entitlements across the occupational pension sector represent a significant proportion of the pension pot universe. Additionally, respondents stressed that an industry code of conduct should be agreed and made mandatory so that schemes can secure necessary resourcing and budgets for data gathering. The views were gath...

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 Retirement

Advisers call for new products to tackle retirement planning challenges

Advisers call for new products to tackle retirement planning challenges

Retirement products ‘don’t meet modern needs’

Isabel Baxter
clock 25 November 2024 • 3 min read
How advisers can play a role in boosting wellbeing in retirement

How advisers can play a role in boosting wellbeing in retirement

A happy retirement is the 'north star'

Cecilia Furner
clock 08 November 2024 • 3 min read
Partner Insight: Embracing the future of retirement planning

Partner Insight: Embracing the future of retirement planning

Brooks Macdonald
clock 31 October 2024 • 2 min read