The firms said this marks the first UK provider to commit to offering a commercial pensions dashboard.
Standard Life
Meanwhile, research by Standard Life, part of Phoenix Group, found that one in seven (14 per cent) people have never checked their pension.
There’s evidence of even less pension engagement among women with the gender gap rising to 17 per cent among females who are more likely to never check their pension than men (10 per cent).
Worryingly, 17 per cent of over 55s also admit they’ve never checked their pension either, compared to 12 per cent of 35–54-year-olds, and 10 per cent of 18 to 34-year-olds.
Gail Izat, managing director for workplace pensions at Standard Life, said: “Paying your pension some attention is an important part of financial planning.
“While you don’t necessarily need to check your pension as regularly as you’d check your bank account, you should aim to review how much is in your pot, and what this could mean for your financial future, at least once a year.
“This will give you a better idea of how to plan, whether that’s deciding if you should increase your pension contributions or change the type of investments in your plan.
“It may also help you decide how long you’ll need to continue working and the type of retirement you’ll be able to afford.”
sonia.rach@ft.com
What's your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com
