The team behind the pensions dashboard at the Money and Pensions Service (MaPS) has started to build the programme’s technology.
The Pensions Dashboard Programme (PDP) team has responsibility for designing and implementing the ecosystem, which will enable individuals to view all their pensions in one place.
From this week, the team is starting a six-week period of market engagement with potential suppliers of the digital architecture which will connect individuals with their pensions information when they request it.
The market engagement exercise will enable the PDP to examine the readiness, capacity and capability of commercial firms which might be interested in the work. This is in preparation for a formal procurement process anticipated to start in Autumn 2020.
Potential suppliers are being invited to register their interest and complete an online request for information questionnaire by July 31.
Throughout July and August there will also be an industry-wide call for input relating to the data scope and data definitions working papers which were published in April. The formal call for input on these was delayed because of the COVID-19 outbreak.
The call for input will open on the July 6 and further information will be made available shortly on the newly launched PDP website.
In conjunction with this call for input, the PDP will convene a Data Working Group representing all sectors of the pensions industry. The group will meet regularly for a series of detailed, solution-focussed dialogues to help finalise a set of data standards later in the year.
Chris Curry, principal of the PDP, said: “We know the sector has responded well to the current crisis and there is enthusiasm to engage once again in the important detail of delivering pensions dashboards. We are now making good progress on a number of fronts and are ready to shape detailed data requirements with the help of the industry while also starting engagement with the tech firms which will help us build the dashboard ecosystem.
“The concept behind pensions dashboards is simple, but there are still complicated technical and regulatory hurdles to overcome. The work of the next few months will be significant in helping us develop a timeline for the delivery of these services.”
Firms interested in taking part in the market engagement process can find full details here.