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two pensioners working at a compiuter screen

The cost of public service pensions

“My report today sets out clearly the facts surrounding current cash payments from the public service pay-as-you-go pension schemes and the basis for future projections of these payments. The Treasury has performed some analysis on the sensitivity of its projections to changing assumptions, but has not considered the potentially significant effects of changes in the size of the public service workforce.

 

“Later this year I intend to report to Parliament on recent changes to the schemes, which are designed partly to reduce costs.”

Published:
12 Mar 2010
Elderly hand holding a cup

The impact of state pension reforms on people with Guaranteed Minimum Pensions

The Department for Work and Pension has limited information about who will be affected by the impact of state pension reforms in April 2016 on people with Guaranteed Minimum Pensions. The impact will depend on a number of factors, and some people are likely to lose out. The Department is now seeking to improve how it communicates the impact of pension reforms.

24 March 2016

Published:
24 Mar 2016
Two people shaking hands over a desk

The introduction of the Work Programme

The Department for Work and Pensions has introduced the Work Programme quickly, in just over a year, and this has had benefits, but the speed with which it was launched has also increased risks. The Department and providers have made assumptions about how many people the Programme will get back into work but there is a significant risk that they are over-optimistic.

Published:
24 Jan 2012

The Medical Assessment of Incapacity and Disability Benefits

“This has been an innovative project for the Department of Social Security, involving the outsourcing of a service which is close to the department’s core business. The Benefits Agency medical service was underachieving and operated within tight resource constraints. Outsourcing has cut costs and speeded up the processing of the work, but the Department, with SEMA Group, must concentrate on improving the quality of assessments and customer service.

“Bottlenecks and delays throughout the system for paying these benefits also need to be addressed. The aim should be to ensure that disability benefits are speedily paid to those entitled to them, as well as reducing losses to the public purse from payments to those who are no longer eligible for benefit.”

Published:
9 Mar 2001

The New Deal for Young People

“The New Deal for Young People has been successful in placing 339,000 unemployed young people into jobs, and the programme has also had a beneficial effect on the economy.

“The programme must continue to evolve to meet the needs of the increasing proportion of clients with severe or multiple barriers to employment and the changing economic climate. It is therefore vital that the Department for Work and Pensions and Jobcentre Plus continue to monitor and evaluate the programme’s effectiveness. In particular, they must evaluate the changes introduced to the programme to ensure that it continues to help these vulnerable young people and provide good value for taxpayers’ money.”

Published:
28 Feb 2002

The Pensions Regulator: Progress in establishing its new regulatory approach

“My report in 2002 into Opra detailed a number of failings, so to be able to report good progress by its successor in establishing new regulatory arrangements is very welcome.

“The Pensions Regulator has successfully put in place a framework to identify and address the key issues and risks to private sector final salary pension scheme members. Central to that has been the strategy of addressing the areas of greatest risk. The next step for the Regulator is to continue its push to roll out the same level of regulatory oversight to money purchase schemes as it has for final salary schemes.”

Published:
26 Oct 2007