Phoenix Life, the UK’s largest consolidator of closed life and pension funds, will be hosting one of the five pensions dashboard roadshow events convened by the Association of British Insurers (ABI), at its main operating centre in Wythall, close to Birmingham. The event is being held today, Thursday 4 May to showcase the dashboard prototype to members of the life and pensions industry and stakeholders including financial advisers and providers.

Phoenix is one of the early participants in the prototype project and (including the newly acquired Abbey Life business) is the first closed life and pension fund provider to join.

Phoenix is expecting around 100 people to attend the event which will include a session outlining the background of the pensions dashboard and a demonstration of the prototype system, recently presented to ministers, ahead of discussions about how a future service should be developed and operated for the good of pension savers.

The sessions are designed to encourage challenge and flush out some of the problems which need to be overcome before a system of multiple pensions dashboards can be made available for public use.

Susan McInnes, Customer Director at Phoenix Life, said “We are delighted to host such an important event in the development cycle of the pensions dashboard. As early members of the project, we are committed to improving access to information for our pension customers to ensure they make the best decisions regarding their retirement. We believe the pensions dashboard is a big step forward in improving this process.”

Yvonne Braun, Director of Long-term Savings and Protection policy at the ABI, said: “The project to deliver a pensions dashboard system the public will be able to use by 2019 is progressing rapidly. It has the potential to revolutionise how people relate to their pensions and make plans for their retirement. But overcoming the technological hurdles is only the first step. That’s why it’s crucial people from all parts of the pensions world join us at events like this one in Birmingham to help work out how to put the right framework in place so that pensions dashboards can become trusted sources of information for everyone.”

The pensions dashboard prototype met its deadline to demonstrate to Government ministers in March. Read more about what the project has achieved and which firms were involved at www.pensionsdashboardproject.uk, where you can also view a video explaining how the prototype works.

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Enquiries

Shellie Wells
Head of Corporate Communications
Phoenix Group
020 3735 0922 / 07872 414 137
shellie.wells@thephoenixgroup.com

Darcy Lillie
Corporate Communications Assistant
Phoenix Group
020 3735 0102 / 07814 773 280
darcy.lillie@thephoenixgroup.com

Notes to editors

Phoenix Group is the UK’s largest specialist consolidator of closed life funds with over 6.1 million policyholders and £76 billion of assets held by the Group’s life companies, including the acquired Abbey Life, AXA Wealth and SunLife businesses. The Group employs around 1,300 people split across the Group, with around 600 based at Wythall, its main operating centre.