Pensions Dashboard body selects first 3 pilot providers
The Pensions Dashboards Programme, the government-backed body that will oversee the launch of pensions dashboards for pension savers, has selected three pilot commercial providers to help with testing and development.
The three are: Aviva, Bud and Moneyhub.
The three commercial dashboard providers will work with the PDP during the initial testing phase.
The three are in addition to the Money and Pensions Service’s non-commercial dashboard.
The PDP says that it will now carry out testing to refine the 'onboarding' process for dashboard providers. It will also work with the three new providers on design standards and technology.
The PDP says the first three commercial providers to join the pilot represent a range of different types of organisation likely to be seen in the future dashboard provider market. They include an insurer, an open banking platform and an open data fintech.
The initial (alpha) test phase runs for six months from this month and will help the PDP prepare to connect dashboards to a “central digital architecture.”
Raman Dhaliwal, head of product at the Pensions Dashboards Programme, said: “We are delighted that we received such a positive response from organisations intending to supply pensions dashboards. We look forward to working closely with Aviva, Bud and Moneyhub, as well as the Money and Pensions Service dashboard team, as we move into our alpha testing phase.
“We will work with them to develop and refine the standards and systems for pensions dashboards, so that we can provide a dashboard service that benefits consumers.“
Roger Marsden, managing director retail sales & retirement at Aviva, said: “We’re thrilled to be a part of the next phase of the Pensions Dashboards Programme and alpha testing of the dashboard ecosystem, as ultimately it will allow millions of people to monitor and manage their pensions online in one place for the first time.”
Ed Maslaveckas, founder at Bud, said: “An open finance ecosystem in the UK is an inevitability now and projects like this are invaluable in helping the industry to adapt.”
Dan Scholey, CCO at Moneyhub, said: “We are thrilled to build on our role in the evolution of pensions dashboards.”
The Money and Pensions Service set up the Pensions Dashboards Programme team, led by principal Chris Curry, to design and implement the “ecosystem” that will make pensions dashboards work and which will enable individuals to view all their pensions data via their chosen dashboard.