McVey reiterates commitment to industry led pensions dashboard

Work and Pensions Secretary, Esther McVey, has reiterated her commitment to an industry-led pensions dashboard.

Speaking at the Conservative Party conference today, 1 October, McVey said the party is “delivering a private pensions revolution”.

“More people than ever are saving into a workplace pension up nearly 50 per cent in the last six years, and significantly driven by younger people. Through automatic-enrolment, we have helped create almost 10 million new pension savers.

“And we will be giving people the opportunity to access their pension information through an industry-led pension dashboard, building on the government’s check your state pension online service.”

On the subject of state pensions, McVey said the Conservatives “support pensioners who have worked their whole lives, and contributed enormously to the success of this country”.

“We are providing certainty in retirement through the state pension, which has increased by £1,450 per pensioner since 2010. In sharp contrast to the 75p increase pensioners received under Labour in 2000 - remember that?”

In addition, she said the Conservatives will continue to apply the triple lock on the state pension to pensioners living in the European Union after the UK leaves in March 2019.

    Share Story:
Spotlight on pensions tracing: making huge strides in a changing world
Alex Mitchell, Head of Tracing & Data Solutions at Capita, meets Francesca Fabrizi, Editor in Chief of Pensions Age to discuss recent trends in the pensions tracing space

MAC strategies in focus
Francesca Fabrizi meets Craig Scordellis, Head of Long-Only Multi-Asset Credit at CQS, to discuss what MAC strategies can offer pension schemes today