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UK pension system underpaid by £450 million due to record errors, mostly affecting women.
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.
Errors were mainly due to incorrect National Insurance records, affecting many women.
Meanwhile, the DWP also overpaid £190 million.
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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El sistema de pensiones del Reino Unido ha pagado menos de 450 millones de libras esterlinas debido a errores en los registros, que afectan sobre todo a las mujeres.