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Department for Work and Pensions 2015-16 accounts

The Comptroller and Auditor General, Amyas Morse, has qualified his audit opinion on the regularity of the 2015-16 accounts of the Department for Work and Pensions. This is owing to the unacceptably high level of fraud and error in benefit expenditure, other than State Pension where the level of fraud and error is lower.

Published:
8 Jul 2016
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Department for Work and Pensions Pension Protection Fund

“The Pension Protection Fund has done well to retain a healthy balance sheet in trying economic times. However, it is likely that the challenge facing the Fund will increase as more schemes are transferred to it. Therefore it should continue to take appropriate steps to manage the increasing value of its assets efficiently and continue to work at improving its ability to assess the risks that it faces in periods of economic difficulty.”

Published:
5 Feb 2010
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Department for Work and Pensions Resource Account 2001-02

“It is of the highest importance that money which Parliament has made available for welfare benefits is paid accurately only to those people who have proper entitlement and are in real need. Although the Department has taken significant steps to reduce the level of estimated fraud and error in recent years, the scale of losses remains substantial at £3 billion each year. The Department face a considerable challenge in reducing these losses further to an acceptable level.”

Published:
7 Feb 2003
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Department for Work and Pensions Resource Accounts 2003-2004

“I welcome the Department’s achievement in meeting the Government’s target to reduce fraud and error in Income Support and Jobseeker’s Allowance. However, in 2003-2004, as a result of fraud and error, an estimated £3 billion of welfare benefit was paid to people who were not properly entitled to the money. Therefore the challenges the Department faces in reducing the scale of fraud and error across the benefit system to an acceptable level still remain very large indeed.”

Published:
18 Jan 2005