UK - Public sector pensioners who have been underpaid their benefits due to administrative errors dating back to 1978 will receive full arrears, the government has confirmed.
Liberal Democrat treasury spokesman Vince Cable alerted MPs to the problem and cabinet office minister Liam Byrne confirmed the error - which dates back to 1978 - in December.
It has now emerged that a number of the affected pensioners were underpaid due to the same error.
The government could not confirm the number of people affected but promised to rectify the situation.
A cabinet office spokesman said: "Before Christmas, the government discovered a problem which affected several public service pension schemes which has resulted in a significant number of individuals being overpaid.
"The government decided not to recover overpayments but to correct the pensions in payment from April 1, 2009.
"In cases where pensions are underpaid, those affected will receive the arrears in full."
Sir Philip Green's restructuring proposals for his retail giant Arcadia will not "adequately protect" its pension schemes' members, The Pensions Regulator (TPR) has said.
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.
There have now been a total of 47 buy-in and buyout deals of over £500m announced since 2007. The full list, provided courtesy of LCP, is as follows...