Rocio Concha, Which? Director of Policy and Advocacy, said:
“Pensions dashboards have the potential to be a game changer by helping savers to keep track of their pots in one place. Seven years have passed since the government first made a commitment to introducing a dashboard, so it’s hugely disappointing to hear that the date by which all schemes will be connected will be delayed by a further 12 months.
“With billions of pounds lost or dormant in unlocated pensions, the need for dashboards is stronger than ever. That’s why providers who are already in a position to comply should not wait to do so.
“The DWP must be ready to oversee compliance and to step in robustly should some firms fall below the required standards.”