Dead pensioners paid £1.5m.
Cabinet Office accountants checking their pension scheme have
Cabinet Office accountants checking their pension scheme have
The oversight came to light as part of the National Fraud Initiative co-ordinated by the Audit Commission. All that was required was to put information about pensioners into a data-matching system with material from the Registrar of Births, Marriages and Deaths. A report to Parliament revealed: ‘This exercise identified 333 cases of deceased pensioners whose representatives failed to notify the death and pensions therefore continued to be paid.’ Resulting overpayments amounted to £1.5 million and the annual savings resulting from the discovery will amount to £500,000 per year. Some £800,000 has already been recovered, according to the Cabinet Office Appropriation Accounts, and the remainder is being ‘pursued’ by officials. The accounts also detailed continuing problems resulting from the National Insurance Recording System saga, with the overpayment of pensions to low-paid civil servants also in receipt of incapacity benefit and who became entitled to Guaranteed Minimum Pension. The National Insurance Contributions Office failed to provide information about entitlement to GMP to public service pension schemes to stop up-rating that element of the pension, resulting in both the scheme and the DSS paying the up-rating. The department fears more overpayments were made to a larger group of Civil Service pensioners who will continue to receive double payments until GMP notifications are available from the NICO.
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article