Boeing workers' demand for reinstated pension a long shot, experts say
(Reuters) - Boeing workers' efforts to restore the traditional pension plans it ditched a decade ago feels to many like a long shot, as reinstating such a structure could exacerbate the planemaker's shaky financial situation.
Experts not convinced Government will save cash by limiting winter fuel payments
The savings from limiting the winter fuel allowance to only the poorest pensioners are unclear and could be outdone by a rise in those seeking pension credit, a group of experts has warned.The Social Security Advisory Committee (SSAC), which provides statutory advice to ministers on benefits, also admonished the Government for not having provided an impact assessment of its plans before they were brought into law.Chancellor Rachel Reeves announced the universal benefit would be limited to only the least well-off pensioners not long after Labour came into power, as part of a bid to plug what she called a...
Up to 760,000 families were missing out on pension credit last year – DWP
Up to 760,000 families who were entitled to receive pension credit did not claim it in the financial year ending in 2023, according to Department for Work and Pensions (DWP) figures.This was a decrease compared with the financial year ending in 2022, when up to 870,000 families who were entitled did not claim.Claims for pension credit have shown signs of a jump recently, as it has become linked to winter fuel payments.Figures released in September showed a rise in pension credit claims in the weeks after the Government announced restrictions on who would receive winter fuel payments.This started after...