Moneyhub has connected its pensions dashboard with the central digital architecture developed by the Government’s Pensions Dashboards Programme (PDP)
The next phase of extensive detailed testing can now proceed through the second half of 2022 and beyond
This important milestone keeps the programme on track and means consumers are one step closer to being able to find and view their pensions together in the place of their choosing
In December 2021, PDP selected Moneyhub, the data, intelligence and payments company, and two other potential commercial dashboard providers to work with the programme in an initial (alpha) six-month phase. Now, Moneyhub’s dashboard is the first commercial dashboard to be successfully connected to the central architecture, in addition to the MoneyHelper non-commercial dashboard from the Money and Pensions Service.
There will be opportunity for a wide range of organisations to become FCA-authorised providers of Qualifying Pensions Dashboards Services (QPDSs). The first three alpha providers were selected because of their proven pensions and technology expertise and their ability to deliver on time for the programme.
Also important was a strong spirit of open collaboration with the programme and industry, for example as evidenced by the pensions dashboard sandbox that Moneyhub has put in the public domain to share knowledge and ideas, generate industry debate, and thus deliver optimal industry-wide solutions for consumers.
As all necessary components are now integrated with the Government's central technology components (i.e. the Identity Service, the Consent & Authorisation Service, the Pension Finder Service and the Governance Register), extensive end-to-end testing can begin, through the central architecture, and with the connected volunteer data providers, such as Altus/ITM, Heywood and Mercer.
The next phase of detailed beta testing, working with real pensions data, will proceed throughout the second half of 2022 and beyond. All programme partners will continue their strong collaboration, sharing learnings to support rapid progress towards making dashboards a reality for consumers.
Dan Scholey, CCO at Moneyhub said: “We are delighted to have connected our dashboard in the planned six-month alpha timeline. There is now considerable appetite amongst pension providers, banks and other organisations to offer their customers a single view of their finances in order to make more informed decisions and deliver better outcomes. We are proud to be building on our pioneering open finance heritage, bringing solutions to our clients’ customers, giving them control over their financial information, and enhancing their financial wellbeing.”
Moneyhub Contacts
Ingrid Anusic
Marketing Director, Moneyhub
ingrid.anusic@moneyhub.com
M: +44 783 722 6553
About Moneyhub
Moneyhub is a global ISO 27001 certified software developer of Open Banking, Open Finance, and Open Data applications. Its FCA-regulated Open Data platform enables companies to quickly and easily transform data into personalised digital experiences and initiate payments. Its APIs and fully customisable platform provide data aggregation, insights, notification nudges, and payment systems. As a result, clients have the consent-driven data and analytics they need to create super-personalised offers, products, and services. Hundreds of organisations, spanning finance to media and retail, rely on Moneyhub’s award-winning technology.
For more details, please visit www.moneyhub.com