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flag UK pension system underpaid by £450 million due to record errors, mostly affecting women.

flag The UK Department for Work and Pensions (DWP) reported that six out of every 100 state pension claims were underpaid in the past year, totaling nearly £450 million. flag Errors were mainly due to incorrect National Insurance records, affecting many women. flag Meanwhile, the DWP also overpaid £190 million. flag Seventeen of the UK’s largest pension providers have signed the Mansion House Accord, committing to invest at least 10% of their defined contribution funds in private markets by 2030, aiming to boost the economy and improve returns.

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