LCP is the latest firm to confirm it has successfully connected to the pensions dashboards ecosystem.
LCP said it had connected its first pensions administration client to the ecosystem, in line with their ‘connect by’ date.
This follows similar announcements by Barnett Waddingham and Isio and number of providers including Aegon, Standard Life, Fidelity, Aon Master Trust and Royal London.
LCP said this milestone marked a “pivotal step” in LCP’s commitment to connecting its clients promptly and seamlessly to the wider dashboards project.
While connecting to the dashboards ecosystem is currently a key focus, LCP is urging trustees not to overlook the important ongoing work that follows beyond connection.
LCP senior consultant Marcus Renouf-Allen says: “Our partnership with Lumera as our Integrated Service Provider (ISP), using the Pension Fusion platform, has been instrumental in achieving this milestone.
“Their technology and expertise have enabled us to meet the timescale. We look forward to connecting more clients in the near future, driving forward the future of pension engagement.”
LCP senior consultant Kate Brown adds: “It is widely expected that there will be a material increase in member queries once the MoneyHelper dashboard is launched, as well as potential queries from users involved in consumer testing.
“Schemes should be asking their providers now what processes and resources they are putting in place to deal with this, so any adverse impact on workloads and member experience can be avoided.”
