Guy Opperman has admitted incorrect state pension forecasts have been issued for a third of a million people since 2016 with defined benefit (DB) members with "complex" work histories facing a "significant problem".
In response to a letter sent by former pensions minister and Royal London director of policy Sir Steve Webb last month, Opperman noted members that have transferred between DB schemes may find there is a difference between their online forecast and any paper forecast they receive. According to government data, since 2016 some 12 million state pension forecasts have been issued, but 3% of those may be erroneous because of problems with HM Revenue and Customs (HMRC) data. The issue came to light after This is Money, working with Webb, identified members receiving incorrect or inconsiste...
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