Fintech startups urged to join Pension Dashboard scheme

Source: Association of British Insurers

A final call is going out for FinTech developers who want to get involved and collaborate on the Pensions Dashboard prototype.

The project, being managed by the Association of British Insurers (ABI) on behalf of HM Treasury, is due to establish trial dashboard technology for testing by Spring next year.

The ultimate aim of the Pensions Dashboard is to enable digital service which will allow consumers to see all of their pension pots, including the State Pension, at the click of a button or via a mobile app. It’s due to go live in 2019.

There will be a competitive exercise to identify a number of FinTech firms which will officially join the prototype team, with partners due to be confirmed in early December.

Alastair Horn, who’s managing delivery of the project for the ABI, said:

“We’ve already had significant levels of interest from FinTech firms which want to join this exciting project as development partners. This is an opportunity to be in at the start of a collaboration which has the potential to revolutionise the way people interact with their savings, and make plans for their retirement. Any other firms who’d like to be considered should get in touch now.”

Next stages:

- Any other firms which are interested in contributing to the project have until the end of this week to get in touch, by emailing Jonathon.Puttick@abi.org.uk

- Firms will have until November 18th to submit their proposals, with longlisted bidders invited to give presentations during November 23rd and 24th.

- The prototype is due to be ready for testing in March 2017.

Work on the Pensions Dashboard prototype is currently being supported by contributing pension providers with technology and FinTech experts and consumer champions donating their own time and resources.
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