Pension Dashboard - Distressing to see the reasons behind the interminable delays

poseidon1

https://inews.co.uk/news/business/pension-funds-dashboard-late-watchdog-warns-3048253

The article suggests a wholly inadequate and under resourced body was entrusted with this  important task.

For those who have been awaiting  the eventual launch of this service, best bet for the duration is to try and identify,  collate and where possible control your various pension benefit pots yourself ( as far as you are able! ).

Hoenir

For those who have been awaiting  the eventual launch of this service, best bet for the duration is to try and identify,  collate and where possible control your various pension benefit pots yourself ( as far as you are able! ).

Why wouldn't you being doing this anyway? Not as if the issue is new. 

robatwork

By its nature, many readers of this particular forum are at, beyond, or nearing retirement age. I'll bet a large percentage of us won't see a fully working pensions dashboard. 

Don't hold your breath.

Hoenir

robatwork said:

I'll bet a large percentage of us won't see a fully working pensions dashboard. 

Mine was a home built spreadsheet.......

poseidon1

Hoenir said:

For those who have been awaiting  the eventual launch of this service, best bet for the duration is to try and identify,  collate and where possible control your various pension benefit pots yourself ( as far as you are able! ).

Why wouldn't you being doing this anyway? Not as if the issue is new. 

Shouldn't forget that the proactive MSE forum participants are a miniscule percentage of the population. For the rest, they demonstrate profund inability to even appreciate the importance of their pensions let alone keep track.

The government introduced a significant level of pension freedom and choice, and it is incumbent on them to provide the 'unschooled' with  easy means to track down old pots and keep an eye on present ones. What one does not expect, is for them to consign many millions of tax payers' funds on this ill-considered project which from all accounts is spectacularly failing its objectives.

As I said, distressing.

zagfles

Same across the civil service, HMRC are closing the self assessment helpline for 6 months! Productivity seems to have plummetted in the public sector generally since COVID. 

eskbanker

zagfles said:

HMRC are closing the self assessment helpline for 6 months!

That proposal only lasted 24 hours, or has it been resuscitated?

https://forums.moneysavingexpert.com/discussion/6514783/swift-hmrc-u-turn-on-self-assessment-helpline-closure

Beddie

A pensions dashboard is a very difficult project to deliver. Look at all the issues people mention on here with companies and their legacy systems. So I am going to cut them some slack, as they are up against an almost impossible task.

They should perhaps try to get 90% of providers on board, by volume, and accept that the last bit will be too difficult. That should help with younger people who move jobs more often, but will usually be with the main providers of pensions to businesses now.

ProDave

I can access all 3 of my private pensions on line on their respective portals.

This looks to me like a solution looking for a problem to fix.  Why am I left with the nagging feeling that when this does come on line, I will face confusion and chaos as I am encouraged to access them through this one platform instead of how I do now, that just works.

LHW99

And given the propensity for government contracted software to be hacked, having all the information in one place for things that many people don't even look at for 20 years or more.... I can forsee problems down the line.

Marcon

Beddie said:

A pensions dashboard is a very difficult project to deliver. Look at all the issues people mention on here with companies and their legacy systems. So I am going to cut them some slack, as they are up against an almost impossible task.

They should perhaps try to get 90% of providers on board, by volume, and accept that the last bit will be too difficult. That should help with younger people who move jobs more often, but will usually be with the main providers of pensions to businesses now.

Have you any idea just how much slack they've already been cut (funded by the taxpayer)? It's not even a system which is ever going to work properly.