Pensions provider Standard Life has teamed up with fintech Moneyhub to develop a commercial Pensions Dashboard.

The dashboard will be embedded into Standard Life’s existing customer app.

Standard Life parent company Phoenix Group said it wants to eventually extend dashboard access to all of its 12m UK customers.

Standard Life will use Moneyhub’s white label Pensions Dashboard to enable its customers to find and view known and forgotten state, workplace and personal pensions.

The retirement solutions provider said this would help clients locate some of the £27bn of lost pensions in the UK.

The Pensions Dashboard will link in with Standard Life’s wider financial wellness tool, Money Mindset, to help customers build a complete view of their retirement savings.

This will also allow them to view their retirement savings alongside their other finances including bank accounts, credit cards, savings, property valuations, ISAs, loans and mortgages.

The Dashboard will also be available via the Standard Life online desktop and will also allow 'onward journeys' such as lifetime modelling and pension consolidation.

Gail Izat, managing director of workplace at Standard Life, said: “With nearly £27bn in lost pensions in the UK, the Pensions Dashboards Programme has the potential to radically change people’s ability to understand and manage their pension savings.

“But saving is only one part of the retirement journey. Accessing this money at different times through different products and in different forms brings additional challenges for retirees. 

“We are excited to extend our collaboration with Moneyhub to develop and launch one of the UK’s first fully functional commercial Pensions Dashboards, while leading the way in shaping the future of retirement saving by giving customers greater certainty and a truly holistic view of their finances.”

Standard Life said the Dashboard would be ready for launch once the FCA’s regulatory approval process is in place.