Wednesday, 08 August 2018 10:57

More than 100k sign massive pensions dashboard petition

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Pensions dashboard petition Pensions dashboard petition

A petition against scrapping the pensions dashboard has garnered more than 100,000 signatures.

Tens of thousands have called on Work and Pensions Secretary Esther McVey not to shelve the proposal, with the count up to 126,527 at the time of writing.

The petition, on website 38 Degrees, reads: “The Welfare Secretary Esther McVey wants to 'kill off' a new government website which would help millions of people keep track of their pensions throughout their careers, because she thinks it's not the Government's job to help.

“Without it millions of pension pots are at risk of being lost.

  

“According to estimates by the Department for Work and Pensions, 50 million pension pots will be lost by 2050 without an official website to help workers to keep track of savings through their careers.”

It added: “A huge petition signed by thousands of us will show the Government we expect them to keep their promises and continue to roll out the pensions dashboard.”

The success of the petition has been backed by fin-tech firm Origo and managing director Anthony Rafferty said:

“The petition launched by 38 Degrees, in response to media reports that the pensions dashboard might not go ahead has passed 100,000 signatures, showing the depth of feeling and the support that the initiative has in the country.

“The benefits of the pensions dashboard are easily seen and have clearly struck a chord with people.

“We at Origo have been passionate supporters of the pensions dashboard since the initiative was launched, believing it is essential to help individuals engage with their retirement planning, particularly in the new pensions environment which was ushered in with the Pension Freedoms.”

 

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