Bravura and Moneyhub in ‘UK first’ dashboard connection

Bravura and Moneyhub have delivered what they describe as the UK’s first connected pension dashboards implementation, linking Bravura’s Dashboards Connect ISP service with Moneyhub’s front-end commercial Pensions Dashboard Service (PDS).
Launched at the PASA Annual Conference today, the demo will find and view live pensions data, showcasing an operational front- and back-end pensions dashboard that demonstrates how a saver will be able to use a commercial pension dashboard to find and view their pensions.
Bravura will also connect its own prototype front-end commercial PDS to its ISP during the demo sessions, highlighting how different dashboards – potentially with a range of other tools and services – will provide different journeys and the possibilities this brings to both providers and savers.
The development comes against the backdrop of a reset of data connection deadlines from the Department for Work and Pensions (DWP). Pensions minister Laura Trott says a revised timetable will be published before the summer parliamentary recess. When the Pension Dashboard Programme (PDP) delivers the live central digital architecture (CDA), this can be seamlessly migrated, connecting to the tested Moneyhub PDS and Bravura ISP services.
Bravura and Moneyhub are urging the industry to use this time to advance both their ISP and PDS readiness for when the programme returns at full speed, as well as calling on the FCA, PDP and The Pensions Regulator (TPR) to ensure the final rules and design standards don’t hinder future PDS innovation and rapid rollout.
Jonathan Hawkins, principal consultant and pensions specialist at Bravura, says: “The current delay to the PDP is a gift to the industry and one which should be used wisely. This industry-led collaboration shows how far ISP providers like ourselves and front-end commercial PDS operators like Moneyhub have come since the programme was officially announced and proves that the technology can deliver.
“When dashboards are launched to the public, they will be a huge force for good so it’s important we work together to test and agree the right approach. Millions of people are expected to use dashboards to recover lost or forgotten pensions and much like other digital services, everyone will have a unique journey because of the variation of dashboards which are expected to be available to savers. The regulators and standard-setters must make sure they don’t unintentionally prevent access to the market for forward-looking firms by creating unnecessary barriers that could harm innovation.”
Dan Scholey, chief commercial officer at Moneyhub, says: “We built our Moneyhub CDA at the end of 2022 after being approached by several ISPs wishing to conduct end-to-end testing without having to wait for the PDP CDA to be ready. It’s been fantastic to work with Bravura and its subsidiary Delta as the first ISP to connect to demonstrate how far we’ve come and how close dashboards are to coming into effect.
“We’re entering a crucial phase of the programme now and whilst the data connection staging timeline resets, the fact that two leading providers have come together to move the debate forward takes us more towards the industry-led, Government coordinated, programme that DWP originally envisaged back in 2019. Industry can’t deliver dashboards on its own, but we can (and must) test and show what can be done both before and after the regulation kicks in. This early testing will really add value for industry, but more importantly, for consumers.
“It’s a hugely exciting time to be involved with the dashboards initiative and we’re confident the decisions the FCA and PDP are currently contemplating around things like post-view services and tools will continue to embrace innovation to deliver good outcomes for both consumers and industry.”