The latest update on the pensions dashboard reveals that 85% of pension records are now connected, with over 70 million private pension records and tens of millions of state pension records integrated. The dashboard will allow users to view all their pension pots in one place.
Lost Pension Pots
It is currently estimated that there are 3.3 million lost pension pots in the UK, worth a combined total of £31.1 billion. Pensions can become lost for various reasons, such as moving address without updating details or starting a new job.
Connection Deadline
All pension providers and schemes in scope of the legislation must be connected to the dashboard by October 31, 2026. Nearly 1,500 pension providers and schemes have connected since April 2025. However, the service is not expected to be made available to the public until 2027 or 2028.
How the Dashboard Works
Users will sign in with a GOV.UK One Login, which is free and allows access to various government services online. They will need to provide their National Insurance number to trace pensions. The dashboard will display workplace, private, and state pensions, along with estimated pension income. It will show confirmed pensions and those requiring more details, but only pensions where income has not yet been taken.
Consumer Testing
The Money and Pensions Service (MaPS) has completed the first phase of consumer testing using employees of pension providers and users who need assistance with technology. The second phase of testing is now underway.
Torsten Bell, Minister for Pensions, said: “We are on track for a major pensions moment, where for the first time people will be able to see their share of the UK’s £3 trillion of pensions wealth in one place. Pensions dashboards are a genuinely transformative tool for working people. For too long, savers have had little visibility of what they've built up over a lifetime of work – that changes with dashboards. We're building something that will help millions plan properly for retirement and with 85 percent of pension records connected is real, tangible progress.”
Oliver Morley, CEO of MaPS, said: “Thanks to the dedication and hard work of so many people in the pensions industry, government, regulators and more, we are making steady progress with pensions dashboards. It is exciting to see the positive experience enjoyed by people who have tested the MoneyHelper Pensions Dashboard, and the real difference it will make to tackling low engagement with pensions. By bringing together a person’s pensions information in one online and secure place, the dashboard will be a vital part of improving retirement outcomes for so many people across the UK.”
