Marvin OnumonuStandard Life, part of Phoenix Group, finished linking up with the pension dashboard ecosystem on 30th April, as set out in the timetable from the Department for Work and Pensions (DWP).
The project was a group-wide effort, with Phoenix Group completing the connection as well.
The connection was made through integrated service provider Equisoft, which is sending policy details to the dashboard on behalf of Standard Life.
This covers all trust and contract-based policies the provider offers and is seen as a step towards Standard Life offering its own private sector dashboard in the future.
Jenny Holt, product director at Standard Life, said: “Connecting such a large book of business covering so many different product types has been a significant undertaking and we’re delighted to have delivered against the project’s timetable.
“Working with our partners Equisoft and the Pensions Dashboard Programme we’re a step closer to making pension dashboards a reality.”
Nick Meredith, products director at Equisoft, said: “It’s been a privilege to work closely with the Standard Life and Phoenix Group team on this major project and to support their successful connection to the pensions dashboards ecosystem by their April guidance date.
“As their chosen ISP provider, Equisoft has delivered not only the connectivity to the central digital architecture, but also a platform with features designed to streamline operations and support future expansion as the dashboards initiative evolves.
“This milestone reflects both a strong partnership and real progress towards giving people clearer visibility of their retirement savings.”
Gail Izat, managing director for workplace and retail intermediary at Standard Life, said: “Pension dashboards will unlock many benefits for customers as they start to roll out in the coming years.
“There’s an estimated £31bn sitting in lost pension pots reflecting the fact that people are increasingly working for multiple employers and losing track of their savings.
“The ability to see all your pension savings and projected income in one place, will alongside the Small Pots initiative, transform people’s ability to plan ahead for retirement and take control of their financial future.”
