Dashboard will help four million customers find their known and forgotten pension pots.
Standard Life has teamed up with Moneyhub to create UK’s first commercial pensions dashboard.
The fully customisable, white label pensions dashboard will help Standard Life’s 4 million customers find and view their known and forgotten state, workplace and personal pensions.
This will help locate some of the £27bn worth of lost pensions in the UK.
Customers will also benefit from being able to build a complete view of their retirement savings through its wider financial wellness tool, Money Mindset.
Waiting for the dashboard
The dashboard will be ready for launch once the Financial Conduct Authority’s regulatory approval process is approved.
This will mark the first UK provider to commit to offering a commercial pensions dashboard.
Samantha Seaton, chief executive of Moneyhub, said: “At a time when finances are increasingly squeezed, Standard Life’s pensions dashboard will seamlessly integrate with its Money Mindset app to enable customers to have a better understanding of their money and wider finances.
“It will help savers build their emergency pot, spot saving opportunities, and develop habits to improve their overall financial wellbeing, and subsequently their later life finances.
“Through AI-driven smart nudges and personalised seeded content the Money Mindset app both supports and educates the user throughout their financial journey.”
Standard Life’s parent company, Phoenix Group, hopes to extend dashboard access to all of its 12 million UK customers in due course.
