Firms sign up for alpha testing of pensions dashboards

Seven companies from the pensions industry have been signed up to take part in the initial alpha test phase of pensions dashboards.

The Pensions Dashboards Programme (PDP) recruited the volunteer data providers to assist with the testing of the dashboard systems and said their early participation would “help create a strong foundation” for later stages of the programme.

The participating firms providing data are: Aquila Heywood, Aviva, Capita, ITM, Legal & General, Mercer and Phoenix Group.

The alpha testing partners have a combined membership of over 30 million savers and will help the PDP develop dashboards technology, ensure that its processes make onboarding as easy as possible, and share the learning that it derives from this work across the pensions industry.

PDP principal, Chris Curry, commented: “We are delighted with the level of engagement we’ve encountered within the pensions industry. We are heavily reliant on our colleagues within the major pension providers for their collaboration at this stage and it’s really encouraging to meet with such a positive response.”

ITM chief innovation officer, Maurice Titley, added: “We are proud to be supporting the PDP as an alpha tester, using our experience of pensions data and technology to test and refine early connections and, hopefully, make the process that bit easier for others who follow in our footsteps.”

Following the alpha stage, the PDP will expand the number of volunteer data providers it is working with.

From summer 2022, further pension companies will be able to participate in testing and the PDP noted that early engagement will help ensure that their pensions customers are among the first to have access to the dashboards.

The PDP urged data providers to start preparing and consider volunteering for early onboarding to help test the dashboards.

“We’ve already got some significant interest from providers, to work with us during subsequent testing phases of the programme but we’re still keen to hear from other organisations that would like to get involved,” said PDP head of onboarding, Paul Noone.

“There’s no need to wait for the compulsory onboarding stages. Where data providers are ready to onboard early, we will support them to do so – indeed we encourage it. I’d urge them to get in touch as soon as possible.” 

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