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Pension Review
Mind the Gap: Why Women Are Retiring with Less, and What You Can Do About It
Carla Smart, Group Head Of Pensions at Skybound Wealth Management examines the gender pension gap and why women should act now.
May 14, 2025
With an estimated £50 billion in missing pension pots, the UK Government has been working on the Pensions Dashboard for almost a decade. This online platform, under development by the Money & Pensions Service (MaPS), has faced several delays but has recently made significant progress. Now, it’s gaining momentum, with key pension providers already on board and plans for public access by late 2025 or early 2026.
Once live, you'll be able to log in, enter a few personal details (including your National Insurance number, optional but helpful), and instantly see a consolidated view of all your pensions. The aim is simple: to help you track your pension pots, reduce the number of lost pensions, and give you greater control over your retirement planning.
The Pension Dashboard is moving forward quickly. Many major private-sector pension providers, including LV=, Moneybox, Standard Life, and Fidelity, have already connected their systems, meaning their data is now available through the platform. The State Pension is now fully integrated, so you’ll be able to see your State Pension data alongside your private and workplace pensions, creating a much clearer financial picture for you.
Integrating the State Pension into the Pension Dashboard means you’ll no longer have to track your State Pension separately. Instead of piecing together fragmented information from various sources, you'll get a unified view of all your retirement savings, both public and private. The system will automatically link your State Pension data, so there’s no need to manually enter your National Insurance number or hunt down separate records. This makes the process faster and more efficient, helping you clearly see how the State Pension fits into your wider retirement plan.
This integration not only simplifies the process but also fosters greater engagement and confidence, helping you feel more secure about your retirement savings.
The Pensions Dashboard is designed to be an invaluable tool for savers like you. Here’s how it can benefit you:
The dashboard has been a long time coming, with several delays since it was first introduced. However, progress has been made, and the platform is now moving forward, with key pension providers already on board. Public access isn’t available yet, but consumer testing is expected to begin this summer, with the wider rollout expected in late 2025 or early 2026.
Now is the time to start preparing your pensions and take advantage of this new system. It’s an easy, effective way to get a complete view of your retirement savings and take control of your financial future.
Although the full system isn’t available yet, you can get ahead by reviewing your pension accounts now. If you haven’t done so already, ensure your pension providers have your National Insurance details so they’re ready when the dashboard becomes available.
When the dashboard goes live, you’ll be able to access all your pension information in one place. Stay tuned for updates on how to make the most of this new tool as it becomes available.
The Pension Dashboard is a game-changer. It shifts the process from fragmented, hard-to-access pension data to a unified, user-friendly experience. With the State Pension now fully integrated, it’s becoming a truly comprehensive platform for managing your pensions, unlocking tangible benefits for savers like you.
And when you combine this newfound visibility with the support of your financial adviser, it could be the key to unlocking a more secure, well-planned retirement.
Carla has spent the last 15 years helping expatriates to manage their finances effectively, and has been learning, to some extent first hand, of some of the challenges faced when living abroad. In particular, she has extensive knowledge of the interplay between the UK, French and Swiss systems, having lived and worked in each of these countries. Carla has built her reputation as a trustworthy adviser to individuals looking to plan for their futures, and her high level of client retention is a testament to this.
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