Pensions minister admits incorrect state pension forecasts for over 300,000 members

Kim Kaveh
clock • 2 min read

Guy Opperman has admitted incorrect state pension forecasts have been issued for a third of a million people since 2016 with defined benefit (DB) members with "complex" work histories facing a "significant problem".

In response to a letter sent by former pensions minister and Royal London director of policy Sir Steve Webb last month, Opperman noted members that have transferred between DB schemes may find ther...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

LCP warns against Budget pensions tax relief raid due to potentially 'serious' issues

LCP warns against Budget pensions tax relief raid due to potentially 'serious' issues

Firm warns changes to pensions tax could cause challenges for workers, employers and the public sector

Jasmine Urquhart
clock 08 September 2025 • 2 min read
Ian Cornelius – Strengthen Pension Schemes Bill to further unlock innovation and UK growth

Ian Cornelius – Strengthen Pension Schemes Bill to further unlock innovation and UK growth

Nest chief executive says tweaking the PSB could turn it into an ‘engine for investment’

Ian Cornelius
clock 04 September 2025 • 4 min read
Virgin Media amendments to the Pension Schemes Bill announced

Virgin Media amendments to the Pension Schemes Bill announced

Industry welcomes changes but says they will ‘not be a silver bullet in all cases’

Jonathan Stapleton
clock 02 September 2025 • 1 min read
Trustpilot