25% of people asked to email personal data by a pension provider
Surveying the state of lost pensions
With the Pensions Dashboard Programme delayed until 2026, tracking down pensions is a less than ideal process that could come at a cost to UK citizens' wealth and personal data.
The state of pensions
The Pensions Dashboard Programme, now postponed until 2026, aims to offer a secure, unified platform for accessing pensions information online. Until this initiative takes effect, UK citizens are compelled to navigate a disjointed system, marked by a lack of common standards, for managing their retirement funds.
The current pensions system makes it all too easy for pension pots to go missing. Recent research estimates that the value of such lost pension funds could amount to a staggering £26.6 billion. It can also lead to fractured communications that increase the potential for sensitive data to be sent unsecured.
The way forward
Until the Pensions Dashboard Programme launches and begins to have impact, there will be a need for pensions providers, customers, and their advisers to send sensitive data back and forth. With cyber crime on the rise, it is vital that all parties remain vigilant in protecting transferred personal data.
A helping hand
Email, made secure
We've designed Mailock secure email to enable safe email communication within the financial services ecosystem. Mailock enables financial services companies to authenticate customer identity by email, and exchange sensitive documents with individuals and intermediaries.
Beyond Encryption surveyed 87 members of our community. Respondents were asked 14 questions regarding their pension pots, communications with pension providers, and opinions on the UK government's Dormant Asset Scheme.
Mailock secure email
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