David Woollett, Head of Customer Strategy and Oversight at Phoenix comments:

“The pension dashboard is a real game-changer for customers and their engagement with pensions. The dashboard is essential for those who are actively saving into a pension, and for those who have pensions they are no longer contributing to. People will be able to view all of their pension saving information instantly in one place which will make it easier for them to keep track and plan for their future. In time, this could even see the end of the industry-wide issue of lost pension pots.

“As early members of the industry working group, Phoenix has long supported the Government’s commitment to transforming the way people plan for retirement. Alongside information on their state pension, ensuring by law all pension providers will be required to provide their data and give consumers a more complete picture of their retirement provision.”

-Ends-

Enquiries

Shellie Wells
Head of Corporate Communications
Phoenix Group
07872 414 137
shellie.wells@thephoenixgroup.com

Darcy Lillie
Media Relations Consultant
Phoenix Group
020 3735 0102 / 07814 773 280
darcy.lillie@thephoenixgroup.com

Notes to editors

Phoenix Group is Europe's largest life and pensions consolidator, specialising in the acquisition and management of closed life insurance and pension funds – known as heritage books. Phoenix is the largest consolidator of heritage life insurance books in Europe but also runs an open book underpinned by a strategic partnership with Standard Life Aberdeen. The Group is a member of the FTSE 100 index, and has over 10 million policies and £226 billion of assets under management – including the recently acquired Standard Life Assurance business. With operations in the United Kingdom, Ireland and Germany, the Group has four operating life companies which hold policyholder assets, and a distribution business, SunLife Limited.