The Association of British Insurers (ABI) has announced the final call for fintech companies to join its Pensions Dashboard prototype team.
The team is being managed by ABI on behalf of HM Treasury and is planned to establish trial dashboard technology for testing by Spring next year, the release stated. The selection will involve a competitive exercise to identify a number of fintech firms that will officially join the prototype team. The joining of fintech startups with partners is due to be confirmed in early December.
“We’ve already had significant levels of interest from FinTech firms which want to join this exciting project as development partners. This is an opportunity to be in at the start of a collaboration which has the potential to revolutionize the way people interact with their savings, and make plans for their retirement. Any other firms who’d like to be considered should get in touch now,” Alastair Horn, managing delivery of the project for the ABI, said.
The Pensions Dashboard aims to enable digital service that will allow consumers to see all their pension pots, including the State Pension. This can be achieved at the click of a button or via a mobile app and is due to go live in 2019.
The fintech companies that are interested in contributing to the project, will have to do until the end of this week. The firms will have until November 18th to submit their proposals and the prototype is due to be ready for testing in March 2017. Contributing pension providers, technology and FinTech experts and consumer champions are currently supporting the Pensions Dashboard prototype.
