The firm signed a contract with French IT services company Capgemini to deliver the digital architecture for the PDP over the coming months.
Capgemini will be providing the bulk of the pensions finder service, as well as consent and authorisation services. Additionally, the two companies will deliver a governance register, which will form a key part of the pension’s dashboard.
Commenting on the news, Origo CEO Anthony Rafferty said: “Origo has been fully committed to progressing pensions dashboards from the day the project was announced.
“Our 30-year history has been about delivering ground-breaking technology to make financial services more efficient and cost effective, and improve outcomes for savers and investors.
“We are delighted to be partnering with Capgemini to build the core architecture of the pensions dashboards and working with PDP to help deliver the service for the benefit of UK pensions holders.”
The PDP was led by the Money and Pensions Service (MaPS) team, which has designed an ecosystem for a usable pension dashboard.
Pensions dashboards help individuals to securely access information on their pensions online, allowing for better financial planning. Moving these processes onto a digital platform has also become essential during the pandemic.
These dashboards will provide ‘clear and simple information’ about an individual’s multiple pension savings, including their State Pension. The service will also help users reconnect with any lost pension pots.
Richard James, Programme Director of the Pensions Dashboards Programme at MaPS, commented: “Today’s announcement of a digital technology supplier marks the moment when dashboards move off the drawing board, and become real.
“I’m delighted to partner with Capgemini and Origo, who really impressed us with the quality of their bid; and whose deep pensions industry expertise coupled with extensive experience of delivering major programmes makes them superb partners for the programme.
“PDP now formally moves into its delivery phase, and I am looking forward to working with our new supplier, and across the industry, to make a success of pensions dashboards, and enable individuals to take control of their retirement planning.”
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Guy Opperman, Minister for Pensions, added: “This is a crucial milestone for the dashboards programme, taking things to the next phase, where the concept starts to become a reality.
“We’ve already put in place the primary legislation needed to pave the way for pensions dashboards. Now the programme, in partnership with Capgemini and Origo, can start to implement the technical elements, bringing the delivery of the first functioning dashboards even closer.
“I have previously urged pension schemes to get their data ready for dashboards. My message remains – schemes should be improving their data quality as part of their preparations for participating.
“The clock is ticking and this achievement is yet another reminder that schemes must be getting ready to connect.”
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