Legal & General’s pensions dashboard will leverage Moneyhub’s Open Finance technology to improve experience for the provider’s 5.3 million DC members, with easy access to all their pensions data in one place.
Legal & General (‘L&G’), the largest DC pensions provider in the UK, has appointed Moneyhub, the market-leading fintech and Open Finance firm, as its Qualifying Pensions Dashboard Service technology provider, helping to shift the dial on how people plan and prepare for retirement.
The two firms will partner on a new Pensions Dashboard, allowing L&G pension scheme members to find and view all their pension data in one place. The partnership will harness leading edge technology to create a dashboard that will capture pension savings products across each member’s employment history as soon as the Regulator permits it.
The move marks the latest step in both L&G’s and Moneyhub’s work to support the launch of effective pensions dashboards to consumers as early as possible. Both firms have been collaborating with the UK
Government on its central Pensions Dashboards Programme (PDP) since the Alpha test phase, and are also founder members of the
Dashboard Operators Coalition (DOC), an industry body which aims to promote collaboration between providers, government and regulators in the move towards dashboards.
The dashboard will form a core part of L&G’s digital suite of services, with a formal launch expected following confirmation of the DAP. The solution will complement L&G’s broader digital pensions ecosystem, including the firm’s new mobile app leveraging Moneyhub’s Open
Finance technology, which is in the final stages of development and expected to launch imminently.
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