A major step has been taken in the UK government’s mission to make pensions easier to understand and manage. One of Britain’s biggest pension providers, Legal & General, has become the first company to connect its system to the pensions dashboard project — a new digital tool that will show all your pension details in one place.
This move marks real progress in improving pension transparency and accessibility, especially as more people struggle to keep track of multiple pension pots from different jobs.
What Is the Pensions Dashboard?
The pensions dashboard is a secure online service being built by the government. It will allow people to see all their pension details — including private and workplace pensions — in one single view. This will make retirement planning much simpler.
The aim is to help millions of people stay informed about their savings, track their pensions, and make better decisions about their financial future.
Legal & General Leads the Way
In a major breakthrough, Legal & General became the first provider to fully connect to the dashboard system last month. This connection means users will soon be able to view their pensions with Legal & General directly on the dashboard.
This step supports the government’s wider goal of making pension data easier to find and understand for everyone in the UK.
More Firms Join Before Deadline
Following Legal & General’s lead, other major pension firms moved quickly to meet the 30 April deadline set by the Department for Work and Pensions (DWP).
AJ Bell confirmed it had successfully integrated with the dashboard system. Standard Life, part of the Phoenix Group, also completed its connection on the deadline day. Their integration was handled by Equisoft, a technology provider working closely with the DWP.
A Big Move for Standard Life
Standard Life called this move a “major milestone” in their journey towards digital transformation. By connecting to the pensions dashboard, they can now display all of their trust-based and contract-based pension plans through the system.
They’re also planning to launch their own private pension dashboard in the future, offering more tools and insights to their customers.
Jenny Holt, who leads the project at Standard Life, said that connecting so many types of pension products was a huge task. She added, “We’re delighted to have delivered on time and are now one step closer to making pensions dashboards a reality.”
Long Way to Go, But Worth It
Rachel Vahey, a pension expert, said that although the 30 April deadline was important, there’s still a long way to go. Some companies may not meet the connection dates until later this year or even next year.
But the ultimate goal is worth it: helping people plan better for their future by giving them easy access to all their pension details in one place.
Vahey added, “People need clear, trustworthy information to plan their financial future. The dashboard could give them the confidence to make better decisions about their pensions.”
The pensions dashboard project is moving forward at a strong pace. With big names like Legal & General, AJ Bell, and Standard Life now connected, the dream of having all your pensions visible in one secure online place is becoming a reality. This new tool could completely change the way people understand and manage their pensions, helping them plan for a better, more secure future.
FAQs
What is the pensions dashboard?
The pensions dashboard is a government-backed online tool that will let people view all their pension information from different providers in one secure place.
Who has joined the pensions dashboard project so far?
Legal & General, AJ Bell, and Standard Life have all connected their systems to the pensions dashboard ecosystem.
Why is the pensions dashboard important?
It helps people track their pensions more easily, plan for retirement, and make informed financial decisions using clear and trusted information.
What is the DWP’s 30 April deadline about?
It was a key deadline set by the Department for Work and Pensions for major pension providers to connect their systems to the dashboard.
Will the public be able to use the dashboard soon?
Yes, with more providers connected, the dashboard will soon be rolled out to the public, offering a full view of their pensions in one place.
