80% of employers know little or nothing about the Pensions Dashboard – Everywhen

80% of employers know little or nothing about the Pensions Dashboard, with just one in five (20%) saying they know a lot about it, according to analysis from Everywhen.

38% said they know a bit about the dashboard, while 20% had heard of it but know nothing, and 21% had not heard of it at all.

Sorangi Shah, client director and pensions expert at Everywhen, said: “We encourage employers to keep track of the Pensions Dashboard developments as it will be a powerful way of boosting pension engagement for their employees.”

Shah explained the dashboard is there to help employees view workplace, personal and state pension plans in one place. 

She added that the dashboard is a good opportunity for employers to support financial wellbeing by providing financial education as part of their employee benefits programme. 

The dashboard aims to improve trust and engagement with pension and retirement plans, making it an ideal time for employers to raise awareness of their pension offering.

Shah added: “This is a transformative time for pension holders and for employers offering workplace pension schemes. 

“For the first time, employees will be able to view all their pension schemes online, in one place, including accrued benefits and projected income.