A senior Conservative peer has tabled an amendment to the Pensions Bill that would make the establishment of a pensions dashboard mandatory.
Lord Young of Cookham, who held various senior ministerial posts in the 1990s, made an amendment to clause 122 of the Pensions Bill, proposing to change the requirement to establish a dashboard from a permissive one to an obligation.
If approved, this would oblige the Money and Pensions Service as a matter of law to provide a complete dashboard,
The People’s Pension director of policy Gregg McClymont says: “There was much criticism of the dashboard clauses during the Bill’s Lords Second Reading, and it is notable that a senior government peer has now tabled an amendment to try and ensure that the Pensions Bill contains a water-tight commitment to a publicly run single dashboard.
“This is very welcome and suggests that cross-party support is building to ensure that a commitment on government to deliver a single dashboard is written into law. The public – as the government’s own research confirmed – is more likely to trust a non-commercial dashboard model.”