The Pensions Dashboards Programme Progress Update Report sets out progress made so far and the work that needs to be undertaken before the service launches to the public.
The report spells out the scale of the task – involving 52 million adults being connected to up to around 43,000 providers and schemes. Existing challenges include establishing a sufficiently secure identity verification process, working out how to match people accurately to their savings and addressing the varying types and quality of data held by different providers.
The report sets out proposed ways forward regarding user testing, sourcing an ID verification service, agreeing data standards and how the programme will work with partners to align regulation and legislation.
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