Baroness’ comment ended up inspiring this discussion so I’ve split the thread into a dedicated topic.
Me too! As you might have heard already, the government had announced an initiative that would create a pension dashboard, which was supposed to -
bring all the 64m different pension pots in Britain under one roof so that individuals can see all their entitlements in one place
but the new Secretary of State for Work and Pensions wants to kill the project which is not great news -
The Association of British Insurers pointed out that one in five workers already admits to having lost track of at least one pension pot and that an estimated £3 billion is sitting unclaimed in accounts.
Dominic Lindley, author of a report on the pensions dashboard for Which? , said: “Given the complexity that consumers face in trying to keep track of their pensions it would be a disaster if the government abandoned this policy.”
I guess that from Pensionbee’s point of view, that’ll be good though as that consolidated view is quite an important part of their value proposition..