MORE than 1.5 million pensioners are not claiming the pension credit they are entitled to, the Commons public account committee has announced.
Between £1.5bn and £2.1bn is thought to remain unclaimed by pensioners who are entitled to the cash. Liberal Democrat pensions spokesman David Laws MP said: “A third of pensioners are still not claiming...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter