Pensions dashboards are a digital democratiser \u2013 they will open up pensions to millions - providing an easy-to-access online view of a saver's pensions.<\/p>
<\/p>
Government\u2019s work on dashboards builds upon the Pensions Dashboard Prototype Project, managed by the Association of British Insurers (ABI) with the involvement of 17 pensions firms. We believe that, in the long term, as they develop to become more sophisticated, pensions dashboards could, as a minimum and as set out in our consultation response, help to achieve the following objectives:<\/p>
<\/p>
- increase individual awareness,<\/p>
- build individual control,<\/p>
- increase engagement,<\/p>
- support the guidance process,<\/p>
- reconnect individuals with lost pension pots<\/p>
- and enable more informed user choices.<\/p>
<\/p>
A key priority for 2019 is for the Money and Pensions Service to establish the industry delivery group, and we also expect to see industry creating and testing dashboards this year. Government is committed to compelling pension schemes to make consumers\u2019 data available to them through their chosen dashboard. Schemes need to start getting ready now, particularly in terms of preparing data. Pension schemes should be ready to provide consumer\u2019s information to them via dashboards within a three to four years window.<\/p>
<\/p>
<\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/strong><\/p><\/td> <\/p><\/td> <\/p><\/td><\/tr> Sources of household income by income quintile (Before Housing Costs) for households not containing pensioners, plus households containing both pensioners and children, United Kingdom <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/p><\/td> <\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/p><\/td> <\/p><\/td><\/tr> <\/p><\/td> <\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td><\/tr> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/strong><\/p><\/td> Quintile<\/strong><\/p><\/td> <\/strong><\/p><\/td> <\/strong><\/p><\/td><\/tr> <\/strong><\/p><\/td> Source of income<\/strong><\/p><\/td> Bottom quintile<\/p><\/td> 2nd<\/sup> quintile<\/p><\/td> 3rd quintile<\/p><\/td> 4th quintile<\/p><\/td> Top quintile<\/p><\/td><\/tr> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/strong><\/p><\/td> <\/p><\/td><\/tr> <\/p><\/td> Earnings<\/p><\/td> 43<\/p><\/td> 64<\/p><\/td> 81<\/p><\/td> 90<\/p><\/td> 92<\/p><\/td><\/tr> <\/strong><\/p><\/td> Investments<\/p><\/td> 2<\/p><\/td> 1<\/p><\/td> 1<\/p><\/td> 1<\/p><\/td> 5<\/p><\/td><\/tr> 2009/10<\/strong><\/p><\/td> Occupational pensions<\/p><\/td> 2<\/p><\/td> 1<\/p><\/td> 2<\/p><\/td> 2<\/p><\/td> 2<\/p><\/td><\/tr> <\/strong><\/p><\/td> Miscellaneous<\/p><\/td> 5<\/p><\/td> 4<\/p><\/td> 3<\/p><\/td> 3<\/p><\/td> 1<\/p><\/td><\/tr> <\/strong><\/p><\/td> State support<\/p><\/td> 48<\/p><\/td> 30<\/p><\/td> 13<\/p><\/td> 5<\/p><\/td> 1<\/p><\/td><\/tr> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td><\/tr> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/strong><\/p><\/td> <\/p><\/td><\/tr> <\/p><\/td> Earnings<\/p><\/td> 51<\/p><\/td> 67<\/p><\/td> 81<\/p><\/td> 89<\/p><\/td> 92<\/p><\/td><\/tr> <\/strong><\/p><\/td> Investments<\/p><\/td> 3<\/p><\/td> 1<\/p><\/td> 1<\/p><\/td> 1<\/p><\/td> 4<\/p><\/td><\/tr> 2016/17<\/strong><\/p><\/td> Occupational pensions<\/p><\/td> 2<\/p><\/td> 2<\/p><\/td> 2<\/p><\/td> 2<\/p><\/td> 2<\/p><\/td><\/tr> <\/strong><\/p><\/td> Miscellaneous<\/p><\/td> 4<\/p><\/td> 3<\/p><\/td> 4<\/p><\/td> 4<\/p><\/td> 2<\/p><\/td><\/tr> <\/strong><\/p><\/td> State support<\/p><\/td> 40<\/p><\/td> 26<\/p><\/td> 12<\/p><\/td> 3<\/p><\/td> 1<\/p><\/td><\/tr> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td><\/tr> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td><\/tr><\/tbody><\/table><\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> Percentage of household income<\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td><\/tr> Source, Households Below Average Income, DWP<\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td> <\/p><\/td><\/tr><\/tbody><\/table>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4105", "label" : {"_value" : "Biography information for Justin Tomlinson"}
}
, "answeringMemberConstituency" : {"_value" : "North Swindon"}
, "answeringMemberPrinted" : {"_value" : "Justin Tomlinson"}
, "dateOfAnswer" : {"_value" : "2019-03-18", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-03-18T18:01:19.89Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "29"}
, "answeringDeptShortName" : {"_value" : "Work and Pensions"}
, "answeringDeptSortName" : {"_value" : "Work and Pensions"}
, "date" : {"_value" : "2019-03-13", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Food Poverty"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Work and Pensions, with reference to the report entitled Families and Food in Hard Times: rising food poverty and the importance of children's experience, published by SPERI in 2018, what steps her Department is taking to ensure that wages and social benefits are in combination adequate to provide socially acceptable levels of eating and living.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1436", "label" : {"_value" : "Biography information for Paul Farrelly"}
}
, "tablingMemberConstituency" : {"_value" : "Newcastle-under-Lyme"}
, "tablingMemberPrinted" : [{"_value" : "Paul Farrelly"}
], "uin" : "231930"}
, {"_about" : "http://data.parliament.uk/resources/1086692", "AnsweringBody" : [{"_value" : "Department for Work and Pensions"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1086692/answer", "answerText" : {"_value" : " <\/strong><\/strong>The disabled child addition (DCA) is intended to provide extra support as caring responsibilities can mean parents of disabled children are less able to take up work and may need extra support for longer periods than others.<\/p> <\/p> In order to provide families with disabled children an adequate amount of support to meet additional costs, payment have been aligned through two different rates which are dependent on the rate of DLA/PIP the child is in receipt of.<\/p> <\/p> A disabled child that is entitled to the lower rate will receive £126.11 a month and a disabled that is entitled to the higher rate will receive £383.86 per month. These rates are both payable on top of the Child Element in Universal Credit. \u2002\u2002\u2002\u2002\u2002<\/strong><\/p> <\/strong><\/p> The total amount of tax free, state support available to a higher rate DLA care and mobility child, together with child benefit and Universal Credit can be worth over £16,000.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4105", "label" : {"_value" : "Biography information for Justin Tomlinson"}
}
, "answeringMemberConstituency" : {"_value" : "North Swindon"}
, "answeringMemberPrinted" : {"_value" : "Justin Tomlinson"}
, "dateOfAnswer" : {"_value" : "2019-03-15", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-03-15T14:51:22.843Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "29"}
, "answeringDeptShortName" : {"_value" : "Work and Pensions"}
, "answeringDeptSortName" : {"_value" : "Work and Pensions"}
, "date" : {"_value" : "2019-03-11", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Disability: Cost of Living"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Work and Pensions, with reference to the report entitled, The Disability Price Tag 2019, published by Scope in February 2019, what steps her Department is taking to ensure that all families with disabled children receive adequate support under universal credit to help meet additional costs.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1436", "label" : {"_value" : "Biography information for Paul Farrelly"}
}
, "tablingMemberConstituency" : {"_value" : "Newcastle-under-Lyme"}
, "tablingMemberPrinted" : [{"_value" : "Paul Farrelly"}
], "uin" : "230652"}
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