10m hits on state pension website shows why state pension data must be on dashboard – Steve Webb, Royal London
10 September 2018
Commenting on the DWP’s news1 that there have been 10 million forecasts generated through the Check your State Pension service Royal London’s Director of Policy, Steve Webb said:
“This is a very significant milestone and shows the huge level of public interest not only in their private pension but in their state pension. For that reason, it is vital that the proposed pension dashboard includes state pension information from the outset. The new state pension system is designed to be simpler, and most younger workers will simply get the new flat rate. But the transition to the new system will take some years and it is important that older workers in particular use the online service to make sure that they know exactly what they are going to get.”
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About Royal London:
Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June.
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