A huge trawl of records comparing HMRC’s official files with those held by pension schemes has identified errors dating back as long as 40 years ago.
Retired workers with both public and private sector pensions face reductions to their future pension payments, which in some cases will see their retirement income halve.
In some cases pensioners have been paid too little and will receive back payments in addition to future increases. However they will not receive any interest on the payments or compensation.
Our comment: Is this intended to make pensioners panic that some minor omission might crop up ?