A small amendment to the pension schemes bill on 8 June has been labelled ‘significant’ in meeting criticism of the pensions dashboard and could confirm a ‘water-tight’ commitment to run a single dashboard.
The People's Pension director of policy Gregg McClymont said the amendment made by Lord Young of Cookham to clause 122 of the bill this week would oblige the Money and Pensions Service (Maps) to provide a single dashboard and see out terms laid down in the clause. McClymont said the wording within the clause was changed from ‘may' to ‘must' regarding specific functions and delivery of the dashboard, confirming Maps would have to take the approach outlined in the clause should the bill be passed without further amendment. Clause 122 of the bill states that as part of pensions guidance...
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