The National Audit Office has warned that a rise in supplier costs and the delivery timetable being extended by two years have increased the government’s Pensions Dashboards programme’s estimated cost by 23%.

The Pensions Dashboards have been hugely delayed, already cost millions in development costs, are years behind schedule and many have written them off as a disaster.

Pensions and investment provider Aegon has urged the FCA to consider giving financial advisers a bigger role in the Pensions Dashboards to help clients make “better decisions.”

Pensions Dashboards, the government's overdue scheme to provide consumers with an all-in-one location for pensions plans, should be expanded to include guidance to help consumers with their decision making, according to the Society of Pension Professionals (SPP).