UK. Scottish fintech firm set to help build pensions dashboard
The Pensions Dashboards Programme has appointed its central digital architecture suppliers, with technology services giant Capgemini and Scottish fintech firm Origo delivering the pensions finder, authorisation service and governance register.
The procurement followed an extensive period of engagement, with both the pensions industry and potential suppliers, which shaped the development of the technical requirements.
The five-month procurement started with the invitation to tender in April and its conclusion marks the end of the first phase of the programme.
It now moves into its develop and test phase, with the focus shifting to building the software elements that will make pensions dashboards work and testing the ecosystem.
Minister for Pensions Guy Opperman explained: “This is a crucial milestone for the dashboards programme, taking things to the next phase, where the concept starts to become a reality.
“We’ve already put in place the primary legislation needed to pave the way for pensions dashboards, now the programme, in partnership with Capgemini and Origo, can start to implement the technical elements, bringing the delivery of the first functioning dashboards even closer.”
The plans for a pensions dashboard have been long in gestation and once completed should be able to show a user their pensions information online, securely and all in one place.
Multiple insurers, asset managers and technical services need to be connected to make dashboards work, with this ‘ecosystem’ ecosystem encompassing data providers’ find and view interfaces and the central digital architecture.
There will be no central database within the ecosystem that holds personal information supplied by users or pensions information. Instead, it functions like a giant switchboard, connecting users with their pensions via dashboards.
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