Overview
- The Social Market Foundation and M&G proposed that users of forthcoming pensions dashboards be offered a free, personalised guidance session when they view their retirement information.
- MoneyHelper, part of the Money and Pensions Service, said it is exploring ways to route dashboard users to its impartial support, with no government mandate or rollout timeline confirmed.
- An Opinium survey of 3,000 people found 40% of full‑time workers with pensions do not know their employer contribution and 43% have never changed their own contribution rate.
- The shift from defined benefit to defined contribution saving leaves individuals bearing more risk, increasing the need for tools that help translate balances into likely retirement income.
- Hargreaves Lansdown said only about 43% of households appear on track for adequate retirement income, reinforcing calls for integrated health checks and practical online tools.