Pensions Dashboard petition passes 125,000 signatures

A petition calling on the government to publicly confirm its ongoing commitment to the Pensions Dashboard has now received over 125,000 signatures. It follows reports that Work and Pensions Secretary Esther McVey wants to scrap the project. Although no such announcement has yet been made, Pensions and Financial Inclusion Minister Guy Opperman did not deny the reports when he appeared before the House of Commons Work and Pensions Committee.

The petition states that many pensioners risk missing out on some of the retirement income they are due, as without the dashboard they may not be able to keep track of all their different pension funds as they change jobs during their working life. The government's own estimate is that up to 50 million pension pots could be lost by 2050 without the dashboard.

Ms McVey was first reported to be considering scrapping the dashboard in an article by the Times last month. That prompted criticism from Pension Specialist at Royal London Helen Morrissey, who said such a move would be "letting down millions of savers".