Financial24.co.uk
Financial and Business News

- Advertisement -

- Advertisement -

- Advertisement -

UK pensioners short-changed by more than £1bn, says watchdog

87

Human error and outdated IT contributed to underpayments, with most affected likely to be women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of UK state pensions has been underpaid due to repeated human errors that were almost inevitable amid complex rules and outdated IT systems, a spending watchdog has said.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 will 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Your email address will not be published.