David Woollett, Customer Director at The Phoenix Group, says:

“This initiative has the potential to be a real game-changer for customer engagement with pensions. The dashboard is essential for those who are actively saving into a pension, and for those who have stopped contributions. People who have saved all their lives should be able to easily view all of this information in one place and 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, we have long been supportive of the dashboard and we are pleased to see compulsion will ensure all firms will be required to provide data to give consumers a more complete picture of their retirement provision”.

For further information on the Pensions Dashboard Project click here.

-Ends-

Enquiries

Shellie Wells
Head of Corporate Communications
Phoenix Group
020 3735 0922 / 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 250 index, and has over 10 million policies and £240 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 five operating life companies which hold policyholder assets, and a distribution business, SunLife Limited.