Moneyhub has highlighted the Financial Conduct Authority’s (FCA’s) support for multiple pensions dashboards saying this is already a reality
In Brief:
In its response to the consultations ahead of the 16th February deadline, Moneyhub welcomed the FCA’s and PDP’s proposals, focusing in particular on the FCA’s enabling of industry collaboration
Moneyhub is already seeing a high interest from the industry, with many planning to whitelabel their own platform in order to seek authorisation from the FCA and then enter the market and support their customers
Moneyhub strongly supports the FCA’s proposal to allow authorised Pensions Dashboard Service (PDS) firms to also offer “post-view services” (PVSs). This will enable customers, once they see all their pensions in one place, to understand the possible next steps
What does this mean?
Dan Scholey, Chief Commercial Officer at Moneyhub said: “ At Moneyhub we’re already working with industry leaders wanting to create their own dashboard to ensure their customers benefit from the programme and achieve better outcomes. The FCA’s decision to encourage industry collaboration will have numerous benefits. Dashboards will be easily accessible where consumers already are and among financial products they understand. This allows customers a convenient touch point in apps they already use to check their potential retirement income, and importantly make informed decisions to benefit their later life.”
