4. 1. Pot consolidation is critical
for consumers and providers
• DWP estimate 50m
abandoned pots by 2050
• PPI estimate £20bn
unclaimed pension assets
today
• Average Master Trust pot
<£500
2. Consumer confidence
undermined by lack of
information
• Where’s my money?
• How’s it done?
• How can I spend it?
What’s at
stake?
6. Accepts centralized
governance and pension
finder service
Rejects constraints of trade
and protectionism (industry
model)
Open data architecture;
everyone can use APIs and
authenticators
Relies on common data
standards
Disrupts established
business models.
Pentech
= open pensions
7. Where will the user journey take us?
Aggregation
Migration
Annuitisation
Drawdown
CDC
State Pension
Equity release
Banking
ISAs
Inherited wealth
Insurance (LTC)
8. 2020
Q4
Minimum Viable Product
Proof of Concept (non-commercial)
Commercial dashboards launched
Commercial dashboard wireframes
State Pension isn’t integrated
Q3
2019
Delivery Group inplace
3Systems Architecture inplace
Governance Group inplace
Build out to Master Trusts
State Pension integrated
Commercial
Dashboards prevented
from trading
Q2
APIs offered for voluntary
take up (workplace
pensions start to come on
line)
Q3/Q4
Earliest readiness for
compulsory APIs
Commercial dashboards
give up
2022 2023/4/5
Data is still not cleanQ1
Compulsion window
extended for
occupational DC
and non workplace (for
ever)
Governance group prevents cost disclosure
TPAs appeal for time to clean data
DB schemes requested to provide on-line CETVs
Costs to use pension finder, authenticator and APIs
mounts
Non workplace pension dashboard ready
Occupational DC/DB provide data