100,000 signatures for the Pension Dashboard petition
38 Degrees recently launched a petition in response to media reports that the Pensions Dashboard might not go ahead.
The report suggested that MP Esther McVey, the work and pensions secretary, was thinking of ditching the pensions dashboard due to more pressing priorities.
The petition has now reached 100,000 signatures, showing the depth of feeling and the support that the initiative has in the country. It also means that it can now be considered for debate in Parliament.
The benefits of the Pensions Dashboard are easily seen and have clearly struck a chord with people.
Anthony Rafferty, Managing Director at Origo said: “We at Origo have been passionate supporters of the Pensions Dashboard since the initiative was launched, believing it is essential to help individuals engage with their retirement planning, particularly in the new pensions environment which was ushered in with the pensions freedoms."
The technology is ready
The technology was recently successfully tested on 15 million users. It is now ready to be implemented and used by customers and financial planners. It is seen as a vital tool with people working on average 11 jobs in their lifetime and struggling to keep on top of their various pension pots.
Anthony Rafferty added “We believe the Pension Dashboard is a superb opportunity for Government and the industry to provide a simple way for UK pension holders in the country to track their pensions, understand their value and what that means for their future and where appropriate, to act on their data in their best interests.
“The DWP Feasibility Study into the Pension Dashboard is expected to be published later this year which we hope will reflect the strong support the initiative has both within the industry and with consumers.”