In response to the recent campaign on pensions dashboard, David said:
“During the past ten years, the Government has worked closely with relevant stakeholders to reform the UK’s pensions sector.
Through automatic enrolment, almost 10 million people have started saving or are saving more into a workplace pension scheme. According to the latest statistics, the total membership of workplace pension schemes is now at a record high of 41.1 million in 2017, up nearly 50 per cent since 2012. Pension freedoms have given people much greater choice about when and how they use their pension savings.
The Department for Work and Pensions (DWP) has a significant programme of work ahead to increase confidence in workplace pensions. This includes assisting industry in delivering a Pensions Dashboard which will offer people the opportunity to assess their pensions in a clear and simple form.
The Government will also protect pension savers and personal information by legislating where necessary. This will build on the ‘Check your State Pension’ online service for the State Pension.”
More information about the pensions dashhboard campaign can be found here