Aegon is the latest pension provider to confirm it has successfully connected to the pension dashboard ecosystem within the timeline set out by the government.
It successfully connected its largest schemes by the end of April, which cover around 70 per cent of Aegon’s policies. It said remaining schemes will be connected over the coming months in line with the relevant ‘connect by’ dates for smaller schemes.
Guidance set out by The Department of Work and Pensions required larger schemes to connect to the dashboard by April 30th.
The Pensions Dashboard will allow customers to find lost pensions and see all their pensions that are not in payment in one place online, alongside a projected total retirement income from all their pensions.
Aegon director of workplace pensions Nick Roy says: “We’re excited to have completed this first and significant step. This is a huge achievement, covering an 70 per cent of our policies, even at this early point.
“The success of this stage – given the complexity of the requirements as well as being the first time we have had to test and complete connection – provides the highest level of confidence that further connect by dates will be met for our remaining schemes over the coming months.
“This is a big step forward for the overall dashboard programme and in helping customers to engage with their pensions and make informed decisions based on a more holistic view of their retirement savings. “
