Managing pensions is about to get easier with a new framework set to roll out soon.

The average worker accumulates around 11 different pension pots throughout their career, making it difficult to keep track of savings, according to Which?. As a result, an estimated £26.6 billion sits in 'lost' pensions across the UK, according to the Pensions Policy Institute (PPI) and the Association of British Insurers (ABI).

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To tackle this, the government is introducing a ‘pensions dashboard’ - a one-stop shop where workers can view all their pension pots in one place online. First proposed in 2016, the project has faced multiple delays. The latest timeline sets a deadline of October 2026, with pension schemes connecting in phases. The largest schemes must link by April 2025, with smaller ones following until September 2026.

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Consumers may have to wait until 2027 to fully access the dashboard. However, from day one, you'll be able to view your state pension. The platform, regulated by the Financial Conduct Authority (FCA), could eventually expand to include multiple dashboards hosted by different providers.

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While not a magic fix for retirement savings, the dashboard is expected to be a game-changer, making it easier for millions to take control of their pensions. Experts urge savers to engage with the system early to get the most out of it when it goes live.