The state pension will be included in the first version of the pensions dashboard with the Department of Work and Pensions being one of the first data providers contributing to this project.
This was confirmed by Chris Curry, principal of the Pensions Dashboard Programme at the Corporate Adviser Summit today, allowing individuals to see state pension entitlements, alongside details of workplace and private pension savings.
Curry also confirmed that the Pensions Dashboard Programme will be publishing a progress report at the end of October which will contain a “high level” road map and timetable. This he said will give pension providers a clearer idea on as to when they will be required to provide data.
Further progress updates will be published on a six month basis.
Curry said that the Programme’s Data Standards Working group would be reporting by the end of the year which would enable providers to work out what need to be done to ensure data meets the set requirements.
Curry also confirmed that the digital infrastructure needed for this programme would be outsourced and they he had been involved in an informal market engagement programme over the summer to assess from external providers the appetite and capacity available to complete this project.
He said initial feedback was very positive and there looked to be health competition within this market. Curry also confirmed this would be a separate procurement process from the Pension Finder Service.
The Pensions Dashboard Programme had also been scrutinised by the Infrastructure Projects Authority – which oversees many large government spending projects. Curry says the project had received an ‘amber’ light which indicated it was on track to deliver on time and within budget.