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Pension schemes urged by DWP to 'fight' criminals stealing thousands from your savings

| UPDATED: 14:42, Thu, Mar 11, 2021
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Pension scheme owners have been written to by the DWP, with it being revealed today that Guy Opperman, the Parliamentary Under-Secretary for the DWP, said around 90 different schemes must begin sharing data with the industry s voluntary group, the Pension Scams Industry Group (PSIG). The DWP argued greater data sharing, used in parallel with the improved pension transfer rules in the Pension Schemes Act, will ensure savers are better protected from unscrupulous scammers. ....

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Legacy benefit claimants face 'kick in the teeth' as DWP are questioned on payment uplifts

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Universal Credit claimants received a £20 per week uplift in early 2020 which was intended to be a temporary measure. However, Rishi Sunak extended this support recently but no additional measures were announced for legacy benefits, which will eventually be replaced entirely by Universal Credit. ....

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State Pension: DWP to repay £3bn of underpayments - how to check if you've been underpaid

| UPDATED: 22:27, Wed, Mar 10, 2021
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State pension underpayments could be a widespread costly issue to the DWP over the coming months and years, with a recent review finding that around 200,000 women could receive payouts averaging £13,500 to top-up underpaid state pensions. This is the result of an error made over the previous decades which focused on automatic cash increases for certain married women who dealt with enhanced pensions and by the end of this ordeal, the DWP estimates their bill will top £2.7billion. ....

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DWP fraud & error reporting to include state pensions for the first time since 2005 - why?

| UPDATED: 16:39, Mon, Mar 1, 2021
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Universal Credit, pension credit and other benefit statistics are regularly released by the DWP, with the department publishing details about the levels of fraud and error in the DWP benefit system. The DWP estimates the amount of money that is overpaid and underpaid to claimants, which they detail are an important metric that is included in the department’s annual reports and accounts. ....

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Pension: DWP confirms automatic enrolment rules for 2021 in light of a 'retirement crisis'

| UPDATED: 15:48, Thu, Jan 21, 2021
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Pension automatic enrolment rules were introduced from 2012 in a bid to get savers to build up their private pension pots while they were still working. Under the existing rules, eligible workers will be enrolled into a workplace scheme regardless of whether they work full or part time. ....

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