All National Audit Office articles
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NewsState pension errors continue despite correction exercise
On the go: The Department for Work and Pensions has been accused of continuing to “wrongly” tell women they have no pension entitlement when, in some cases, they were due thousands each year.
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NewsBailey to be grilled by MPs over British Steel saga
Bank of England governor Andrew Bailey is set to appear before a group of MPs to answer questions about his role in the British Steel Pension Scheme scandal when he was at the financial regulator.
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NewsMPs to quiz FCA chief over BSPS scandal
On the go: The chief executive of the Financial Conduct Authority will be questioned by MPs as part of an inquiry into the British Steel Pension Scheme saga.
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NewsBSPS members’ compensation falls short by £18mn, NAO finds
Compensation for members of the British Steel Pension Scheme has fallen short by £18mn, according to a report by the National Audit Office, which warned that the risk of large numbers of savers looking to transfer out of a defined benefit pension still remains.
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NewsMPs warn of further state pension errors in scathing report
The Public Accounts Committee is calling for the government’s state pension payment system to be overhauled and underpayments to be treated more seriously, while warning that other errors could still be unidentified.
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NewsFCA to consult on British Steel redress scheme
On the go: The Financial Conduct Authority will be consulting on a redress scheme for members of the British Steel Pension Scheme who transferred out after receiving bad advice.
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News‘Years of human errors’ led to £1bn state pension underpayments
The Department for Work and Pensions has underpaid 134,000 pensioners — 90 per cent of which are understood to be women — by more than £1bn, according to a report from the National Audit Office.
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NewsNAO launches investigation into underpaid state pensions
On the go: The National Audit Office is to investigate the issue of underpayments of the state pension to women, looking at how it happened and what is being done to resolve it.
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NewsNAO urges govt to address McCloud’s administrative impact
NAO urges govt to address McCloud's administrative impactThe National Audit Office has urged HM Treasury to address the administrative impact of the McCloud remedy as a matter of urgency, while highlighting a need to tackle the problem of cost control in public sector pensions.Enterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: ...
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OpinionMortality screening: What you need to know
We do not like to talk about death. Even though it is part of an administrator’s daily routine, it is a subject many of us prefer to avoid.
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Features
MyCSP issues bring home admin transfer risk lessons
The National Audit Office has called on civil service pension scheme MyCSP and the Cabinet Office to increase employer involvement in a report examining problems with the scheme’s transition to in-house administration.
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Opinion
The great auto-enrolment review is in train
From the blog: The Public Accounts Committee has launched an inquiry into the risks associated with registering smaller employers for auto-enrolment and how this translates into higher retirement incomes for members.
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Features
Survey: Schemes concerned over PFI mixed messages
Owen Walker finds schemes are being put off investing in infrastructure due to the UK government’s unclear attitude to private finance initiatives (PFI).