Steve Webb says IT and human errors are systemic and may also affect tax credits and universal credit

The pension underpayment scandal could be the tip of the iceberg affecting many thousands more people, according to Sir Steve Webb, the former pensions minister who has led the campaign to raise awareness on the issue.

More than £1bn of UK state pensions – an average of £8,900 for each of the 134,000 pensioners affected – has been underpaid due to repeated human errors that were almost inevitable amid complex rules and outdated IT systems, a spending watchdog has said.

Continue reading…

Leave a Reply

Your email address will not be published.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

You May Also Like

Can I overpay to take advantage of my mega-low mortgage rate?

I’m worried about recent mortgage rate rises – not because of fearing…

Tesco slashes price 7ft artificial Christmas tree to £4 down from £40

TESCO has slashed the price of Christmas trees to £4 giving bargain…

Where are the best places around the world to invest in 2021?

The departure of Donald Trump from the White House will mean one…

How Yulia Mahr met Max Richter: ‘My first impression was, who is this sweaty man?’

Composer Richter and artist Mahr met when they collaborated on a project…