Published by: Caroline Kyriazis  

The Pensions Dashboards Programme (PDP) today issues an Invitation to Tender (ITT) for a supplier to provide the digital architecture that will allow people to view their pensions via their chosen dashboard.

The Pensions Dashboards Programme (PDP), set up by the Money and Pensions Service (MaPS), has responsibility for designing and implementing the ecosystem which will make pensions dashboards work. 

This procurement process is a significant milestone, as the chosen supplier will provide the major components of the digital architecture, including the pension finder service (PFS), the consent and authorisation service, and the governance register1.   

The PDP undertook two pre-tender market engagement exercises with potential suppliers in July 2020 and February 2021 to help finalise the digital architecture requirements. This process indicated it would be best – commercially and technically – to source an end-to-end (design, build and operate) service solution, which will need to be procured via the Crown Commercial Service Technology Services 2 (TS2) framework2.

Chris Curry, Principal of the Pensions Dashboards Programme at MaPS, said:

“We recognise that pension providers, schemes, administrators, trustees and ISPs want certainty and detail around timings and requirements for the delivery of pensions dashboards.  With the support and cooperation of interested suppliers, we’ve been able to outline clear requirements for the dashboards’ digital architecture.

“The procurement and onboarding of this technical delivery partner is a key moment in our journey. It will enable us to provide our industry partners with more detailed information as we work towards the delivery of pensions dashboards over the coming months.”

A pre-tender engagement exercise has also been undertaken for the identity verification service aspect of the pensions dashboards ecosystem. This will be a separate competitive procurement process, informed by the results of the initial engagement exercise.

From today, 13 April 2021, any supplier who has been awarded on to Lot 4a of the TS2 framework will have the opportunity to bid for the contract and must submit by the 5pm tender submission deadline on the 28 May 20213. The contract and implementation period will commence on 6 September 2021. The full ITT documentation will be available to the applicable suppliers via the TS2 framework.

Keep up to date with programme updates by signing up to receive the monthly Pensions Dashboards Programme (PDP) newsletter, and following PDP on Twitter and LinkedIn.

ENDS-

Notes to editors

For media enquiries please contact:
MaPS press office media@maps.org.uk / 020 8132 5284

  1. Descriptors can be found here: https://www.pensionsdashboardsprogramme.org.uk/what-we-do/
  2. Crown Commercial Service Technology Services 2 (TS2) framework Lot 4a large programmes and projects framework RM3084
  3. The high-level procurement timetable is as follows:

The tender timetable is indicative, and the PDP reserves the right to change dates, add or remove stages and otherwise vary it at its discretion should there be any delays or issues once the tender opportunity has been issued to potential suppliers under the TS2 framework agreement. This is to ensure the process runs as expected and stays within the tight timescales of awarding a contract before the TS2 framework expires on 5 September 2021. Further information about the work of the Pensions Dashboards Programme will be available in the next Progress Update Report being published in May. 

About

The Money and Pensions Service (MaPS) has established the Pensions Dashboards Programme team, led by Principal Chris Curry, to design and implement the ecosystem that will make pensions dashboards work and which will enable individuals to view all their pensions data via their chosen dashboard.  Pensions dashboards will enable individuals to access their pensions information online, securely and all in one place, thereby supporting better planning for retirement and growing financial wellbeing. Dashboards will provide clear and simple information about an individual’s multiple pension savings, including their State Pension. They will also help them to reconnect with any lost pension pots.   

The Pensions Dashboards Programme has its own website where news, blogs and reports will be published regularly – https://www.pensionsdashboardsprogramme.org.uk/  

MaPS’ role in developing pensions dashboards 

Government has committed to facilitating the pensions industry to develop this initiative and have given specific responsibilities to the Money and Pensions Service (MaPS) which include:  

About the Money and Pensions Service 

The Money and Pensions Service (MaPS) is here to ensure every person feels more in control of their finances throughout their lives: from pocket money to pensions. When they are, communities are healthier, businesses are more prosperous, the economy benefits and individuals feel better off. MaPS delivers free and impartial money and pensions guidance to the public through the Money Advice Service, The Pensions Advisory Service and Pension Wise. 

MaPS is working to make sure the whole of the UK understands that financial, physical and mental health are all deeply connected. MaPS’ role is to connect organisations with the shared purpose of achieving the five goals set out in the UK Strategy for Financial Wellbeing. 

MaPS supports innovation so that everyone can use the most effective methods to help people feel more in control of their money, targeted to those most in need and inclusive of people from all backgrounds. MaPS is an arm’s-length body sponsored by the Department for Work and Pensions (DWP). 

For further information visit www.maps.org.uk. Members of the public can get free guidance about their money and pensions via: 

www.moneyadviceservice.org.uk / 0800 138 7777    

www.pensionsadvisoryservice.org.uk / 0800 011 3797   

www.pensionwise.gov.uk / 0800 138 3944