Aegon to launch pensions dashboard

Aegon has announced its intention to launch its own commercial pension dashboard, following on from the FCA’s recent publication on the regulatory framework for pensions dashboard service firms.

Pension dashboards will allow individuals to securely see all their pensions, including individual, workplace, private and public sector, defined benefit and defined contribution, and also state pensions, not yet in payment, online in one place.  

This brings consumers’ choice of potential dashboards to 16 (including the MoneyHelper pensions dashboard from the Money and Pensions Service).

Aegon supports the plans to prioritise the availability of the Money and Pensions Service (MaPS) Pension Dashboard to consumers ahead of making Qualifying Pension Dashboard Services (QPDS) available.   

Nick Roy, director of client and partnership development at Aegon, said: “Dashboards will be a gamechanger in how people engage with their pension savings, so we are focused on enhancing our customer offering and supporting better customer outcomes. 

“We are assessing options that will allow us to ensure our dashboard meets and exceeds our customers’ needs. This considered approach will enable us to make our dashboard industry leading.   

“This will be another major step in the work we have already undertaken in building a leading digital savings and retirement platform.  

“Our award-winning collaboration with The Pension Lab has already seen us deliver an innovative solution to workplace members to help them track down and compare old pots.   

“Ensuring that we support customers at key life moments is at the heart of Aegon’s strategy and our aspiration is to be their pension partner for life by offering market-leading personalised support to and through retirement.”