The government says it is fast-tracking plans to modernise its pensions system by broadening access to Collective Defined Contribution schemes.
Related topic: Pension
The reconsideration could switch the focus back towards capital gains tax and inheritance tax.
Dashboards are expected to see wider industry connection from April 2025.
If successful, the campaign could cost the Government hundreds of millions of pounds in state pension arrears.
Just 30.9% of plan holders are taking advice, despite the fact that the total number of pension plans accessed for the first time surged by 19.7%.
Users who have already registered to use government services through GOV.UK One Login will not have to prove their identity again when registering to use the dashboards service.
There was a 116% increase in the number of people claiming pension credit in 2022/23.
With most pensioners paying tax, and more than half next year’s rise simply keeping pace with inflation, most pensioners will still be worse off overall in real terms if they...
The net cost of pension tax relief to the Treasury was £48.3 billion for 2021/22.
10 firms have now joined the Coalition to help support the launch of dashboards.