Smart Pension joins Dashboard Operators Coalition

Smart Pension, one of the UK’s master trust providers, has signed up to an industry coalition aiming to launch pensions “dashboards” that will enable millions of savers to identify and keep track of their hard-earned retirement savings.

The company, which has more than 1.4 million pension savers, will join the group working with government and regulators to help support the successful launch of multiple dashboards for UK consumers. Other members of the coalition include Legal & General, Aviva and Scottish Widows.

Smart Pension’s recent Delivery 2030 paper, outlining a blueprint for the Government to transform the pension system in the UK, highlights the importance of dashboards becoming trusted sources of information, including the ability (over time) for savers to easily understand the ‘adequacy’ of their total retirement savings. Enabling Smart Pension’s 1.4 million members to easily see their total pension position on a Qualifying Pensions Dashboard Service accessed from the Smart Pension app will help contribute to building this trust. 

 Jamie Fiveash, Smart UK Chief Executive Officer, said:

“Technology and innovation have always been at the heart of what we do at Smart Pension – we’ve proved they have the power to simplify pension saving for members and employers, and we’re excited to be part of a collaborative approach to the rollout of a commercial dashboards network for the benefit of all UK savers. We’re looking forward to working together to implement a revolutionary dashboards ecosystem, with a particular focus on simplicity and better financial outcomes for members.”