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A petition against scrapping the pensions dashboard has garnered more than 100,000 signatures.

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Tens of thousands have called on Work and Pensions Secretary Esther McVey not to shelve the proposal, with the count up to 126,527 at the time of writing.

The petition, on website 38 Degrees, reads: “The Welfare Secretary Esther McVey wants to 'kill off' a new government website which would help millions of people keep track of their pensions throughout their careers, because she thinks it's not the Government's job to help.

“Without it millions of pension pots are at risk of being lost.

“According to estimates by the Department for Work and Pensions, 50 million pension pots will be lost by 2050 without an official website to help workers to keep track of savings through their careers.”



It added: “A huge petition signed by thousands of us will show the Government we expect them to keep their promises and continue to roll out the pensions dashboard.”

The success of the petition has been backed by fin-tech firm Origo and managing director Anthony Rafferty said:

“The petition launched by 38 Degrees, in response to media reports that the pensions dashboard might not go ahead has passed 100,000 signatures, showing the depth of feeling and the support that the initiative has in the country.

“The benefits of the pensions dashboard are easily seen and have clearly struck a chord with people.

“We at Origo have been passionate supporters of the pensions dashboard since the initiative was launched, believing it is essential to help individuals engage with their retirement planning, particularly in the new pensions environment which was ushered in with the Pension Freedoms.”

Reports that Pensions Secretary Esther McVey was planning to kill off the proposed pensions dashboard were branded “a huge let down to millions of savers.”

Royal London’s Steve Webb says the Government was right to resist calls for default decumulation retirement pathways.

Protecting consumers from unscrupulous scammers and conmen has been a priority for the financial services industry for some time.

Pension deductions from pay will treble for more than four million employees from today.

The Department for Work and Pensions has re-appointed Mark Boyle for a second three year term as non-executive chair of The Pensions Regulator.

The government has decided to put on the back burner any change to the auto-enrolment charge cap and will keep it at 0.75%.

Pensions Minister Guy Opperman confirmed today that the Pensions Dashboard will go ahead despite slow progress and doubts in some quarters.

In August, HM Treasury and the Department for Work & Pensions finally released their response to the ‘Pension Scams’ consultation.

Guy Opperman MP has been appointed as the new Parliamentary Under Secretary for Pensions and Financial Inclusion.