Legal & General (L&G) has appointed fintech and open finance firm Moneyhub as its qualifying pensions dashboard service technology provider.

The pair will partner on a new pensions dashboard, allowing L&G pension scheme members to view all their pension data in one place.

L&G said the move “marks the latest step” in its work to support the launch of effective pensions dashboards to consumers as early as possible.

Both L&G and Moneyhub have been collaborating with the Government on its central pensions dashboards programme (PDP) since the alpha test phase, and are also founder members of the Dashboard Operators Coalition (DOC), an industry body which aims to promote collaboration between providers, the Government and regulators.

CEO of L&G Retail, Bernie Hickman, said: “This partnership is about harnessing the power of technology to deliver positive change, get more people to engage with their savings and ultimately create a better retirement.

“From small pots to lost pensions, retirement planning today can be complex and confusing for many people but leveraging this Open Finance technology will put the ability to understand and engage with pensions in the palm of savers’ hands.”

Moneyhub CEO, Samantha Seaton, added: “The way people interact with and understand their pensions will be transformed by dashboards and therefore ensure better financial outcomes for millions of savers. But pensions are only one piece of the financial puzzle – it’s fantastic to be working with such a major provider of pensions savings who recognise the importance of engaging members in a holistic context.”

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