Three more fintech and master trust providers have joined the Dashboard Operators Coalition (DOC), bringing the total number of members to 10.

Moneybox, NatWest Cushon and Smart Pension joined the existing members: Aviva, Just Group, Legal & General, Mintago, Moneyhub, Scottish Widows, and Standard Life (part of Phoenix Group).

The group, which launched in March, is working with government and regulators to help support the successful launch of multiple dashboards for UK consumers as early as possible.

Commenting on the new additions, DOC chair and independent dashboards consultant, Richard Smith, said: "It’s so exciting that more and more firms are seeing clearly how commercial dashboards have the potential to revolutionise pensions offerings to consumers.

“A diverse universe of different dashboards, offered by pension providers, fintechs, banks and others, means more people will be able to see all their pensions together, on familiar apps they already use and trust.

“All the DOC member firms look forward to collaborating with government and regulators to successfully deliver multiple dashboards for UK consumers.”

Moneybox co-founder and co-CEO, Charlie Mortimer, added: “We know that the majority of people are not saving adequately for their retirement, in fact Moneybox research recently revealed that 47 per cent of UK adults are not confident they are on track for a comfortable retirement.

“We have long believed that one of the most powerful and cost-effective things the industry can do to improve the retirement prospects of the nation is to help reunite savers with the many billions in lost or forgotten pension pots as well as make it far easier for people see and understand where their retirement savings are invested, throughout their lives.

"We look forward to sharing our knowledge and building a pensions dashboard environment that enables savers to take a massive leap forward in their confidence around retirement.”

Adding to this, NatWest Cushon managing director new opportunities, Janine Menasakanian, said: “The industry has a crucial challenge coming up as dashboards are launched: suddenly pensions will become a focal point for millions of people as they engage with all their long-term savings pots in a holistic way for the first time.

"This is very exciting but it’s also essential all stakeholders are prepared to help people navigate this event and communicate with them effectively.

"We’re looking forward to working together with other industry players, regulators and government to make sure dashboards work the right way for people and providers alike.”

Smart UK chief executive officer, Jamie Fiveash, also stressed the importance of industry collaboration, stating: “Technology and innovation have always been at the heart of what we do at Smart Pension – we’ve proved they have the power to simplify pension saving for members and employers, and we’re excited to be part of a collaborative approach to the rollout of a commercial dashboards network for the benefit of all UK savers.

"We’re looking forward to working together to implement a revolutionary dashboards ecosystem, with a particular focus on simplicity and better financial outcomes for members.”

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