Three firms sign up to Dashboard Operators Coalition

There are now 10 members of the coalition, including Aviva, Just Group, Legal & General (L&G), Mintago, Moneyhub, Scottish Widows, and Standard Life.

NatWest Cushon and Smart Pension are established master trust providers, while Moneybox is a fintech that already offers more than one million people access to a wealth management platform that integrates multiple financial products.

Richard Smith, volunteer chair of the coalition and an independent dashboards consultant, said: “It’s so exciting that more and more firms are seeing clearly how commercial dashboards have the potential to revolutionise pensions offerings to consumers.

“A diverse universe of different dashboards, offered by pension providers, fintechs, banks and others, means more people will be able to see all their pensions together, on familiar apps they already use and trust.

“All the Dashboard Operators Coalition member firms look forward to collaborating with government and regulators to successfully deliver multiple dashboards for UK consumers.”

The coalition was announced in March with the intention of helping providers collaborate to ensure the success of what Smith has called a “highly challenging endeavour”.

What they said

Janine Menasakanian, NatWest Cushon’s managing director for new opportunities, said helping consumers understand dashboards was “a crucial challenge”. She added that it was “essential all stakeholders are prepared to help people navigate this event and communicate with them effectively”.

Moneybox’s co-founder and co-CEO, Charlie Mortimer, said: “We have long believed that one of the most powerful and cost-effective things the industry can do to improve the retirement prospects of the nation is to help reunite savers with the many billions in lost or forgotten pension pots as well as make it far easier for people to see and understand where their retirement savings are invested, throughout their lives.

“We look forward to sharing our knowledge and building a pensions dashboard environment that enables savers to take a massive leap forward in their confidence around retirement.”

L&G partners with Moneyhub for dashboard service

Meanwhile, L&G has announced a partnership with Moneyhub. The fintech company has been confirmed as L&G's official dashboard technology provider to create a digital service that will “capture pension savings products across each member's employment history as soon as the regulator permits it”, L&G said in a statement.

Samantha Seaton, CEO of Moneyhub, said: “Dashboards are so overdue, given auto-enrolment commenced over a decade ago with people in the UK now having on average 11 jobs over their working life - which means 11 pension pots to stay on top of.

“The way people interact with and understand their pensions will be transformed by dashboards and therefore ensure better financial outcomes for millions of savers. But, pensions are only one piece of the financial puzzle - it’s fantastic to be working with such a major provider of pensions savings who recognise the importance of engaging members in a holistic context.”

The first deadlines for connecting to the dashboards ecosystem is at the end of April 2025, with staggered deadlines for schemes of different types and sizes lasting until October 2026.

Further reading

Dashboard providers team up for industry body (25 March 2024)

Aviva and Scottish Widows join dashboard operators group (20 May 2024)

DWP confirms timeline for dashboard connectivity (26 March 2024)