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International Business Times UK
International Business Times UK
Business
Pragati Singh

UK Pension System Faces Scrutiny as Government Data Powers Raise Concerns Over Errors and Fraud

The committee's findings pointed to lax record-keeping and a failure to rectify these issues, painting a grim picture of systemic shortcomings.

In a scathing report, the UK Parliament's Public Accounts Committee (PAC) revealed that over 200,000 pensioners faced financial losses amounting to £1.3 billion in the previous year due to lax record-keeping and computer errors at the Department for Work and Pensions (DWP).

Shockingly, this marks a continuation of issues highlighted in the committee's previous annual report, where 165,000 pensioners missed out on £1.2 billion. The findings underscore the government's failure to rectify fundamental mistakes within the state pension system, with civil servants accused of being "asleep at the switch".

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