Welfare Reform on the Web (September 2009): Pensions - UK

Review of errors in guaranteed minimum pension payments

National Audit Office

London: TSO, 2009 (House of Commons papers, session 2008/09; HC 878)

On 16 December 2008, the government announced that five public service pension schemes had identified payment errors arising from the incorrect indexation, sometimes over many years, of an element of the pension known as the Guaranteed Minimum Pension. The National Audit Office carried out a review of the payment errors, and presents its findings in this report.

The rocky road ahead

A Sheen

Life & Pensions, July-August 2009, p. 24-27

Article looks at the likely impact of increased pension regulation in the UK. It includes comparisons with the United States, and European initiatives.