Implementation of Pensions Dashboards has moved into its ‘delivery phase’ with the appointment of Capgemini and Origo to supply the central digital architecture for the service.
The Pensions Dashboards Programme (PDP) highlighted the announcement as “a major landmark” as it enters develop and test phase of programme.
Capgemini will deliver the pensions finder service, consent and authorisation service, and governance register, which will form a key part of the pensions dashboard ecosystem. The consultancy will partner with Origo to deliver the specified elements of the central digital architecture.
The PDP said the bid was successful due to its “quality and value for money, plus the credibility and expertise of both parties to deliver the contract”.
Richard James, Programme Director of the Pensions Dashboards Programme at MaPS, said the announcement marked “the moment when dashboards move off the drawing board, and become real.” Capgemini and Origo, he said, had “really impressed us with the quality of their bid” combining with their “deep pensions industry expertise coupled with extensive experience of delivering major programmes” He added: “PDP now formally moves into its delivery phase.”
Guy Opperman, Minister for Pensions, also marked the announcement as “a crucial milestone for the dashboards programme, taking things to the next phase, where the concept starts to become a reality.”
He said the primary legislation needed to pave the way for pensions dashboards was already in place and the programme, in partnership with Capgemini and Origo, could “start to implement the technical elements, bringing the delivery of the first functioning dashboards even closer.”
Last week, when publishing the results of its Pulse survey, the Pensions Management Institute said pensions professionals were “overwhelmingly sceptical” that the industry will deliver the Pensions Dashboard by the target date of 2023, with 78% of respondents stating they were not confident it could be completed by then.
In today’s announcement, Opperman said this step forward for the programme meant schemes had to now take action. He said, “I have previously urged pension schemes to get their data ready for dashboards. My message remains – schemes should be improving their data quality as part of their preparations for participating. The clock is ticking and this achievement is yet another reminder that schemes must be getting ready to connect.”
Paul Margetts, Managing Director of Capgemini in the UK said the company was “delighted to have been chosen as the digital technology partner to build the core architecture and support the significant milestone of bringing pensions dashboards to life”. He attributed the success of its bid “not only [to] our expertise and deep capabilities but also our strategic collaboration with Origo, who is dedicated to improving the financial services industry’s operating efficiencies.”
Anthony Rafferty, CEO Origo said the Fintech had been “fully committed to progressing pensions dashboards from the day the project was announced”, which included developing a prototype of the pensions finder service.
He added: “Our 30-year history has been about delivering ground-breaking technology to make financial services more efficient and cost effective, and improve outcomes for savers and investors. We are delighted to be partnering with Capgemini to build the core architecture of pensions dashboards and working with PDP to help deliver the service for the benefit of UK pensions holders.”