17 July 2018

DWP must not abandon pension dashboard – Royal London

3 min read

 
Helen Morrissey, Personal Finance Specialist

Helen Morrissey

Personal Finance Specialist

Share

  • Linkedin

Commenting on today’s story in The Times that Esther McVey could terminate the pension dashboard project Helen Morrissey, Pension Specialist at Royal London says:

"Even the suggestion that the work and pensions secretary could pull the plug on the pension dashboard project is extremely disappointing. The dashboard has the ability to boost engagement with retirement planning and to abandon the project now risks letting down millions of savers. What is all the more puzzling is that this is a policy that has received support from Treasury while pensions minister Guy Opperman has repeatedly said the dashboard will happen and urged the industry to back the project. We would urge him to do all he can to persuade the work and pensions secretary to continue with this important policy."

- ENDS -

For further information please contact:

Helen Morrissey, Personal Finance Specialist

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.

At Royal London, we’re proud to champion the value of impartial advice. We believe it plays a crucial role in connecting people with the products that are right for them – and is key to delivering better outcomes and experiences for our customers. At the same time, it helps to build trust in our products and services.

Royal London works alongside advisers not in competition with them. That’s why we’ve made some key commitments to the intermediary market. You’ll find more detail on our commitment to advisers at http://adviser.royallondon.com/campaigns/our-commitments/