The formal application framework for QPDS accreditation is pending from the FCA, therefore no organisation can be a QPDS.
Once the FCA finalises the regulatory framework, The Pension Lab will pursue authorisation to offer a QPDS. This secure, front-end digital platform will enable pension savers to view all their pension pots in one place. Designed and built in accordance with the Money and Pensions Service (MaPS) standards, this service will enhance transparency and accessibility for millions of UK pension holders.
Experienced in delivering and managing extensive transactional dashboards for major names like Smart Pension and Aegon since 2021, The Pension Lab is uniquely positioned to offer a value-driven QPDS solution. Already authorised by the FCA, the company’s cutting-edge technology simplifies complex processes like pension finding, charges and feature comparison, automation of essential tasks, including Letters of Authority as well as transfers and consolidation.
Scott Phillips, CEO and founder of The Pension Lab, shared:
"Pensions dashboards have been at the heart of my vision for The Pension Lab since the concept first surfaced. From day one, we've been committed to driving innovation and delivering cutting-edge dashboard technology to empower multiple master trusts and workplace schemes to deliver improved member outcomes. Our mission has always aligned with the government's goal: making pensions accessible in a simple, unified view for all.
"Becoming a QPDS is a natural step in our journey. With £26.6 billion in lost pensions, we’re driven to reconnect people with their hard-earned savings. Backed by over five years of experience delivering member dashboards through our pragmatic, value-focused approach, our clients trust us to consistently deliver innovative and reliable solutions.”
By becoming a QPDS, The Pension Lab aims to continue shaping the future of pensions technology, building on its established leadership in the UK market.