Pensions Dashboards
Enable a secure digital search for pensions, show your customers an indication of their total pension position, and support those who want to take action.
The absence of the Government’s MoneyHelper dashboard in the immediate term means pension providers need another front-end pensions dashboard to complete their end-to-end testing
As the leading alpha dashboard provider our sandbox bridges a gap in the overall delivery schedule by allowing pension providers to connect to our Replica Central Digital Architecture (RCDA). You can even use our associated Test Harness to define, run and re-run automated end-to-end tests, and view the results on Moneyhub’s Pensions Dashboard.
“55% of adults currently contributing to a defined contribution pension have low, or very low, levels of pension engagement”
FCA Financial Lives Survey 2020
The DWP estimates there will be 50 million dormant and lost pension pots by 2050. The average person has 11 jobs in their lifetime with people moving 8 times in their lives, but rarely tell their pension provider.
"Attitudes to pensions are characterised by detachment, fear and complacency, acting as barriers to engagement”
DWP Research Report 2023
Customers will EXPECT their pension providers to offer them a qualifying pensions dashboard services (QPDS), thereby supporting better planning for retirement and growing financial wellbeing.
How to offer your customers a Pensions Dashboard
Pensions Dashboards Resource Hub
What would offering a Pensions Dashboard mean for your customers? For your business? And how can we help you navigate the complex regulatory and technical framework?
Sandbox
Moneyhub has built a Replica Central Digital Architecture (RCDA) that mirrors the Government’s CDA from the Pensions Dashboards Programme (PDP).
We have developed a sandbox to show you how the Pensions Dashboards ecosystem could work and show you what your dashboard might look like.
PDP Pensions Dashboard
Customise the PDP Pensions Dashboard to make it yours and fully integrate it with your existing apps and tools.
Also gain access to our wider Open Finance ecosystem so your customers can see their pensions in their wider financial context.
Technical Integration (API)
Build your own dashboard displays, using our regulated Open Finance API suite to connect with the Government’s central ecosystem run by the Money and Pensions Service (MaPS).
Offering a dashboard to your customers requires multiple different, but inter-related, strands of work which you can choose to do yourselves such as permission, compliant UI & APIs, ongoing operations, reporting & audit.
Pensions Dashboards Programme (PDP) alpha participants
To make Pensions Dashboards work it requires a collaboration between dashboards providers like Moneyhub, Money and Pensions Service (MaPS), the Department for Work and Pensions (DWP), and pensions data providers like Capita, ITM, Legal & General and Mercer.
Moneyhub May 2023 research feedback
"[Finding my pensions] it's one of those things I think I should do, but then forget to carry on with it and never get any further. When you google, there's a lot of information that takes you all over the place. There was nothing that straight forward”
Female, 53 years old
“I’d be really excited about a tool like this where you can see all your pensions together. It would make my life easier. I love the way it’s laid out, it’s very simple to use. So many people are just in denial about their pensions - they don’t even think about, let alone look at, their pensions. I think it’s brilliant!”
Female, 50 years old
"I know I've got 2-3 pensions that I paid into when I was self employed, that I don't know how much I've got in there. And I've got one with work. So, I don't know what my total thing is, I really don't. I don't know where to go for everything together."
Male, 55 years old