Commenting on today’s announcement of the DWP Consultation on the draft Pensions Dashboards Regulations 2022, Karl Lidgley, client manager for third-party administration, Hymans Robertson, says:

“It is good to see the publication of this consultation which covers many of the key aspects that will contribute to the successful introduction of the pensions dashboard. This should help to give much needed clarity on what needs to be done over the coming months and years. The pensions dashboard will be the most transformational event to support UK savers for retirement in our lifetime. As well as re-uniting people with their lost pensions, it will enable far more effective, personalised guidance to give savers the support they need for the best possible retirement. We know times are hard for people and as an industry we must do everything we can to maximise every possible penny people will have for retirement. A comprehensive working pension dashboard is fundamental to this goal.”