Workers saving for their pensions have been hit with a setback as the Government announced it is delaying its planned pensions dashboards.
The Mirror reports that the dashboards, designed to help savers locate and keep track of pensions from different jobs, and plan properly for their retirement, had been due to be introduced from August. But in a written statement, work and pensions minister Laura Trott said the Department for Work and Pensions (DWP) needs “additional time” to set up the long-awaited project.
The online dashboards are seen as vital to helping people organise their pension planning. The average Briton changes jobs 11 times in their working life, meaning it is easy to lose track of your pensions.
