Sessional: Why the Pensions Dashboard is more than a data collection exercise

In considering the objectives of the dashboard and the functionality that may be required to deliver on those, it’s essential that sufficient thought is applied to the key actuarial aspects underpinning effective communication of different pension benefits.  Part of this debate is the difficulty of obtaining the necessary comparability between different types of benefits as well as consistency with current pension communications.  Achieving this in a way that is understandable to individuals must now quickly identify how the plethora of risks, options, guarantees and personal choices in the UK pensions market can be translated and underpinned by provision of a data set that is held by pension schemes and providers.