Human error and outdated IT contributed to underpayments, with most affected likely to be women

More than £1bn-worth of UK state pensions has been underpaid due to repeated human errors that were almost inevitable amid complex rules and outdated IT systems, a spending watchdog has said.

The Department for Work and Pensions (DWP) estimates it underpaid 134,000 pensioners and those it can trace would be paid an average of £8,900, the National Audit Office (NAO) said.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

MARKET REPORT: Liz Truss cheers up UK’s small band of frackers

Conservative party leadership frontrunner Liz Truss has cheered up the UK’s small…

Full list of places where you can get debt help for free – if you’re feeling the post festive pinch

CHRISTMAS is the most wonderful time of the year for millions of…

More UK mortgage borrowers face financial stress, lenders warn

Lenders expected to put money aside in second quarter to protect against…