The Department for Work and Pensions publish the long-awaited Pensions Dashboard consultation and Feasibility Study today.
A pensions dashboard is an online service which will let people see information about their multiple pensions in one place.
Commenting on the Pensions Dashboard consultation published today, Aviva’s head of financial research, John Lawson says:
We welcome the publication of the DWP’s Feasibility Study. We have been long-time supporters of the pension dashboard and have always believed that the industry, with government support, is best placed to deliver it, as the study confirmed today.
We are pleased to see that all private and state pension data will be integrated into the dashboard. It is essential that dashboards provide comprehensive information to savers.
We are also pleased that the government has indicated that providers can develop multiple dashboards. This will create a competitive and innovative environment, which can serve the varied needs of the whole saving population.
We now look forward to engaging with the Single Financial Guidance Body who will establish and chair the delivery body. Strong governance is essential to ensure that dashboards are developed in the public interest and to create the momentum necessary to deliver solutions within a challenging timescale.
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Notes to editors:
- Aviva is a leading international savings, retirement and insurance business. We exist to be with people when it really matters, throughout their lives – to help them make the most of life. We have been taking care of people for more than 320 years, in line with our purpose of being ‘with you today, for a better tomorrow’.
- Our vision is to earn our customers’ trust as the best place to save for the future, navigate retirement and insure what matters most to them. In 2019, we paid £33.2 billion in claims and benefits on behalf of our 33.4 million customers.
- We operate through five business divisions: Investments, Savings & Retirement; UK Life; General Insurance; Europe Life; and Asia Life; and focus on three strategic priorities: deliver great customer outcomes, excel at the fundamentals and invest in sustainable growth.
- Total group assets under management at Aviva group are £510 billion and our Solvency II capital surplus is £12.6 billion (FY19). Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.
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