Private Beta Phase
The current Private Beta builds on the Proof of Concept and focuses on aggregating live data across multiple master trust members, B&CE provider of The People’s Pension, Legal and General, Nest and NOW: Pensions.
The Private Beta is deliberately limited in scope. It is working as a proof-of-concept for the longer term ambitions, as well as delivering an important set of initial findings. It seeks to answer the following types of questions:
How many pension pots do people have?
How often do they move provider?
How much is their pension wealth?
How does this change over time?
The Pensions Data Project Private Beta Phase has been kindly sponsored by a consortium of funders, The Association of British Insurers (ABI), the Department for Work and Pensions (DWP), the Pensions and Lifetime Savings Association (PLSA) and The Pensions Regulator (TPR).
A paper, What needs to be considered when delivering a data-based research project involving multiple UK pension providers published in March 2022, is the first output from the collaboration and sets out what has been learnt and identifies the three essential areas that need to be considered when working across multiple providers and their data to successfully deliver an amalgamated database of member data. These include:
Governance: Clearly documented processes, documents, and timelines
Data: How the data will be formatted, anonymised, merged, analysed, stored and the importance of testing and testing again
Teamwork: How the people involved in the project can make all the difference to its success
Click here to read the paper.
