Citizens Advice has warned MPs the means-tested pension credit is failing to serve a large number of the very poorest pensioners it was originally set up to benefit.
The charity group has criticized government for a lack of ambition to get aid to all those falling into the state pension top-up bracket to claim it, instead pledging to ensure 78% of people eligible for pension credit are receiving it by 2008. The result, according to Citizens Advice is more than one million people are slipping through the net in not receiving money owed to them with the possibility of this figure rising. Citizens Advice is urging the government to set itself a "more challenging target of at least 90% take-up – and to devote much more energy to ensuring this is achie...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes