2019

Due around Eastertime 2019

Government has committed to publishing a response to the dashboard consultation within 12 weeks of 28 January, so we should expect that around Easter time (although the Pensions Minister has said he hopes to publish in mid-March).

 

15 February 2019 – 125 consultation responses and a debate

Quoted in a New Model Adviser article, a DWP spokesperson reveals that the Department received 125 responses to the pensions dashboards consultation.  About 12% of these have been published in the public domain – see the list below.

Meanwhile, Prospect Magazine, in conjunction with The People’s Pension, hosts a dashboard debate with the Pensions Minister and leading industry figures.

 

13 February 2019 – Housing wealth in or out?

In a letter to the Pensions Minister, Equity Release Council Chairman David Burrowes argues that housing wealth is so significant to retirement planning that it should be included in the pensions dashboard.  But in an FT Adviser article, Sunday Times Money Editor James Coney argues that property assets should definitely not be included.

 

6 February 2019 – Westminster Hall debate

In a well attended Commons debate on the subject of the pensions dashboard, key messages articulated were the importance of legislation (to compel data to be provided), regulation (to ensure appropriate treatment of that data) and governance (to ensure the set up and operation of pensions dashboards is properly managed).

On the same day, those were exactly the same three headings listed as essential by the ABI’s Matt Burrell in his latest dashboard blog article.

 

4 February 2019 – An actuarial perspective

The Future Pensions Landscape Working Party of the Institute and Faculty of Actuaries publishes an extensive paper on the information that could be displayed on pensions dashboards.  This will be a very useful document as the implementation is planned later in 2019.

 

29 January 2019 – Consultation responses

The DWP’s eight-week dashboard consultation ran from 3 December 2018 to 28 January 2019.  DWP received 125 responses from various organisations and individuals with about 12% of those organisations choosing to publish their responses in the public domain:

Altus Business Systems response

Association of Consulting Actuaries response

Chartered Institute for Securities & Investments (CISI) response

Firefighters’ Pensions (England) Scheme Advisory Board response

Hymans Robertson response

Institute and Faculty of Actuaries Response

Low Incomes Tax Reform Group response

Origo response

PensionBee blog posts on timescales, infrastructure & governance

Pensions and Lifetime Savings Association response

Pensions Policy Institute response

The People’s Pension report

Pinsent Masons response

Tax Incentivised Savings Association response