Altus and ITM have joined forces to launch the first commercial Pensions Dashboards Integrated Service Provider (ISP).

The ISP is a mechanism that will connect Pension Dashboards to data and other information necessary for them to function.

The two technology firms will develop an open market connection tool for Pensions Dashboards.

Altus is a financial services software specialist recently acquired by Equisoft.

ITM is a pensions data and platform technology specialist. The firm was one of the Alpha testing partners with the Pensions Dashboard Programme.

Altus and ITM said they have a track record of collaboration and are committed to deliver their “gold standard” dashboards connection to offer pension schemes, administrators and data providers a way to connect to the Pensions Dashboards.

Maurice Titley, chief innovation officer at ITM, said “The challenge for pension administrators to provide data to Pensions Dashboards has always been two-fold: firstly how to provide the high quality data required to support dashboards, and secondly how to expose that data to a high volume 24/7 pensions ‘find and view’ service with millions of users.

“The synergy driving the Altus/ITM dashboard connection overcomes these challenges and performs to the new technology standards of dashboards, whilst also handling the complexities and realities of the pension data world.”

Ben Cocks, director at Altus, said “The regulations to compel pension administrators to connect to the dashboard are coming down the tracks fast. We all know that running pension schemes in the real world is a complicated business but by joining forces with ITM we can provide administrators with a straightforward route to compliance.

“The Altus/ITM dashboard connection solution can be the cornerstone of a successful rollout of the Pensions Dashboard.”

The firms said their ISP will provider high speed, high volume secure and responsive systems capable of managing the scale and demand of multi-million dashboard users.

The ISP will offer flexible data connections to all scheme styles and data providers, agnostic of platform or software.

Automated pension data matching will be provided along with flexible client-driven matching.

The firms say the ISP will also offer support for the complexities of displaying estimated retirement income, based on guidance expected to be released shortly.