UK - Nearly half of the 4.9 million people eligible for the government's pension credit are missing out, new figures reveal.
An independent study by Continental Research shows that the means-tested benefit is being paid to 2.53 million individuals and the rate of new pensioners signing up for the credit has slowed.
But 90% of people who had applied were happy with the application process and service they received from staff.
Liberal Democrat work and pensions spokesman Steve Webb said the slow take-up to the “eye-wateringly complex” pension credit was “extremely worrying”.
He added: “As every month goes by, pensioners are missing out on money they are entitled to. The only guaranteed way to get extra money to the poorest pensioners is by boosting the inadequate state pension.”
Pensions minister Malcolm Wicks said: “The pension credit has a huge role to play in helping the country’s poorer pensioners and there are now over 1.7 million people gaining more money as a result of their successful application.”
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A model aimed at reducing climate change-related financial risk exposure from corporate credit assets has been launched by Insight Investment.
Universities Superannuation Scheme (USS) members should be responsible for most of the cost of increased contributions if the scheme's defined benefit (DB) section remains open to accrual, Pensions Buzz respondents say.