A quarter of a million older people who are entitled to some level of state pension are missing out on what is rightfully theirs due to little known rules and claims procedures, according to LCP.
Research from the pension consultant said latest population estimates state there are 8.78 million people in Great Britain aged 70 or over, but only 8.53 million get a state pension - a difference of a quarter of a million. LCP partner and ex-pensions minister during the coalition Steve Webb said it was "shocking" that there are so many older people who are getting no state pension at all. He added: "In particular, when we have a special state pension payable to those over 80 which does not depend on National Insurance contributions, it is hard to understand why over 100,000 people o...
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