Industry progress around pensions dashboards has continued despite the recent dashboards reset, with Bravura and Moneyhub today (2 May) sharing an industry demo for a full end-to-end pensions dashboard.

In what is thought to be a UK-first, Bravura’s integrated service provider (ISP) microservice, Dashboards Connect, will connect and interact with Moneyhub’s front-end commercial pensions dashboards service (PDS).

Despite the recent pensions dashboards recent, Moneyhub and Bravura confirmed that they have been able to build and connect to a simplified version of the Pension Dashboard Programme’s central digital architecture to demonstrate how the front, middle and back of the ecosystem all work together with available real data.

The platform, to be demoed at the Pensions Administration Standards Association (Pasa) Annual Conrference 2023, will allow users to find and view live pensions data, showing "for the very first time" a fully operational front- and back-end dashboard that demonstrates how a saver will be able to use a commercial pension dashboard to find and view their pensions.

As part of the demo, Bravura will also connect its own prototype front-end commercial PDS to its ISP, in order to demonstrate how different dashboards, with differing tools and services, will provide different journeys and the possibilities this brings to both providers and savers.

Bravura and Moneyhub also suggested that, when the PDP delivers the live central digital architecture, this can be migrated, connecting to the tested Moneyhub PDS and Bravura ISP services.

The pair highlighted the update as demonstration that the industry is continuing to press ahead with essential testing despite recent delays, urging the industry to use this time to advance both their ISP and PDS readiness for when the programme returns at full speed.

In addition to this, Bravura and Moneyhub called on the Financial Conduct Authority (FCA), PDP and The Pensions Regulator to ensure the final rules and design standards don’t hinder future PDS innovation and rapid rollout.

Bravura principal consultant and pensions specialist, Jonathan Hawkins, stated: “The current delay to the PDP is a gift to the industry and one which should be used wisely.

"This industry-led collaboration shows how far ISP providers like ourselves and front-end commercial PDS operators like Moneyhub have come since the programme was officially announced and proves that the technology can deliver.

“When dashboards are launched to the public, they will be a huge force for good so it’s important we work together to test and agree the right approach.

“Millions of people are expected to use dashboards to recover lost or forgotten pensions and much like other digital services, everyone will have a unique journey because of the variation of dashboards which are expected to be available to savers.

"The regulators and standard-setters must make sure they don’t unintentionally prevent access to the market for forward-looking firms by creating unnecessary barriers that could harm innovation.”

Adding to this, Moneyhub chief commercial officer, Dan Scholey, said: “We’re entering a crucial phase of the programme now and whilst the data connection staging timeline resets, the fact that two leading providers have come together to move the debate forward takes us more towards the industry-led, government coordinated, programme that Department for Work and Pensions originally envisaged back in 2019.

“Industry can’t deliver dashboards on its own, but we can (and must) test and show what can be done both before and after the regulation kicks in. This early testing will really add value for industry, but more importantly, for consumers.

“It’s a hugely exciting time to be involved with the dashboards initiative and we’re confident the decisions the FCA and PDP are currently contemplating around things like post-view services and tools will continue to embrace innovation to deliver good outcomes for both consumers and industry.”

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