Spring Budget 2021: DWP to backdate £3bn in state pension underpayments to women

Over next six years

Sophie King
clock
Underpayments to certain groups of people going as far back as 1992 were revealed
Image:

Underpayments to certain groups of people going as far back as 1992 were revealed

The Department for Work and Pensions (DWP) has forecast a payment of £3bn over the next six years to address underpayments of the state pension to women dating back two decades.

Published on Wednesday (3 March), the Office for Budget Responsibility Economic and Fiscal Outlook said the DWP had identified "underpayments of state pension relating to entitlements for certain married...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

Merger and acquisition

R&M share price rockets 13% as Premier Miton and AssetCo eye up deals

R&M already selling one division to shareholders

clock 23 November 2021 • 2 min read
Alan Steel was popular in the national and trade press throughout his career.

'Pioneer' and titan of financial advice Alan Steel dies

Formed his IFA business in 1975

Tom Ellis
clock 17 September 2021 • 3 min read
Discussions between both the companies are said to be at an early stage

Invesco in 'early talks' merger with State Street's asset management arm - reports

Follows State Street's deal announcement last week

Mark Battersby
clock 17 September 2021 • 1 min read
Trustpilot