Aviva, Mintago and Scottish Widows are the latest companies to join the Dashboard Operators Coalition, a group of organisations which are coming together to collectively work with government and regulators to help support the successful launch of dashboards for consumers.
Each of the new joiners has plans to launch a consumer dashboard in due course.
Having originally agreed to work with the Pensions Dashboards Programme as a Volunteer Participant, Aviva has continued to advocate for Qualifying Pensions Dashboard Services (QPDSs) and the benefits they will bring to UK consumers. Aviva will apply to the FCA to become a regulated dashboard operator once the QPDS regulatory framework has been finalised and applications can be submitted.
Mintago, a London-based fintech founded in 2019, also aims to become a QPDS operator as soon as possible. It has received a £774,000 innovation loan from Innovate UK to enhance its technology platform which enables businesses to support their employees with their financial planning, alongside a comprehensive suite of financial wellbeing benefits.
Scottish Widows says we are in the ‘Connected 20s’, the decade when tech finally comes into its own to help people manage their day-to-day lives, including their money, savings and pensions. The assurer said becoming an FCA regulated QPDS operator is a natural next step , giving customers more control and helping them find their lost pensions.
Independent Pensions Dashboards Consultant, and Dashboard Operators Coalition chair, Richard Smith, said: “The sheer diversity of Aviva, Mintago and Scottish Widows as organisations demonstrates the wisdom of the government’s multiple dashboards policy. A diversity of dashboards, all regulated by FCA and showing the same pensions data, means consumers will be able to see all their pensions together in the place of their choosing. More access points means more engagement.
“With the FCA’s consultation on QPDS Rules now closed, PDP’s resources bolstered as reported by the NAO, and certainty from DWP that pensions data will start becoming digitally connected from April 2025, many more diverse firms are planning to offer customers a QPDS. They’re all welcome to join the DOC to help launch great dashboards for consumers as soon as possible.”
