Isio has connected its first pension scheme to the Pensions Dashboards ecosystem, joining Royal London, Aegon, Fidelity, Barnett Waddingham and Standard Life.
The move strengthens the partnership between Isio, the scheme’s trustees, and tech provider Equisoft.
Isio says trustees should think beyond compliance and use the dashboards rollout as a springboard for broader transformation. Isio warns that dashboards will likely lead to a surge in member questions, ranging from concerns about under-saving to confusion about multiple pension entitlements, and schemes must be prepared to respond.
Meanwhile, Isio is building tools to help trustees and employers explain dashboards clearly, helping members stay informed and engaged.
Isio pensions dashboards lead Harvi Rana says: “We see this as an opportunity to reconsider how we approach retirement planning. By using new technologies alongside our expertise, we aim to support members achieve better retirement outcomes.”
Isio head of administration Girish Menezes says: “Preparing for pension dashboards is not only about meeting technical requirements, it is also a chance for trustees to improve the quality of pension administration. Taking the opportunity to define benefits clearly and improve data accuracy helps reduce risks and improves operations. Maintaining good data quality should be an ongoing priority for Trustees. Inaccurate data can create problems for both schemes and their members, affecting trust.”
