A FinTech company claims it has proven the technology required for creating a functioning Pensions Dashboard does work - and says it can be quickly brought to market.

Origo, a not-for-profit organisation, has been working on developing a low cost consumer-facing Pensions Dashboard, backed by major providers including Aegon, Ageas, Aviva, and AXA Wealth.

Today it reported that it had conducted successful demonstrations to government bodies and industry representatives.

Paul Pettitt, managing director of Origo, said: “Origo was tasked by the industry to develop the engine that will sit between the dashboard and the pension providers.

“It enables the secure, efficient and cost effective flow of data, including pension valuations, which is critical in making dashboard meaningful for the consumer.”

He said: “Working alongside a coalition of the willing, we have been able to demonstrate that the underlying engine, which is needed to request and feed data from many sources to one or more dashboards, now exists.

“As soon as the governance and identity verification process is decided, we believe dashboard can be quickly brought to market from a technology perspective.

“There is a strong will within the pensions industry to deliver a pensions dashboard. Origo is using its experience and expertise to help realise this within the 2019 timescale. Origo is working with a broad cross-section of the pension industry to develop the messaging standards and technology that will make it happen.”

Origo also has backing for the project from Friends Life, Just Retirement, MetLife, Legal & General, Prudential, Royal London, Scottish Widows, Standard Life, Unum and Zurich.