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The National Audit Office has confirmed the devastating blunders made by the DWP in a scandal we uncovered alongside our columnist, former Pensions Minister Steve Webb. ....
A number of women received phone calls from the Parliamentary Ombudsman, telling them it will not intervene in decisions to only hand them a one-year backpayment. ....
The FTSE 250 is up 0.3%, or 58 points, to 21,019. The pound is flat against the dollar at $1.383 and 0.4% higher against the euro at €1.166. 11:25 Ethereum s price grows above $1,700 Ethereum s price is on the rise this morning, with the cryptocurrency up almost 3 per cent to $1,725. Bitcoin, however, is slightly lower at around $50,380. David Derhy, analyst at multi-asset investment platform eToro, comments on Ethereum s rise: Ethereum prices rocketed back above $1,700 over the weekend, hitting a multi-week high after a major upgrade to the network was announced, and this move is far from over. The Ethereum Improvement Proposal 1559 will be implemented as part of the planned London hard fork coming this July for the network, and will see a major shift in the way users transact. ....
State pension scandal: Staggering £3bn DWP bill for shortchanging women now revealed Elderly women will be potentially handed back £3billion in underpaid state pensions in a scandal discovered by former Pensions Minister Steve Webb and This is Money. Here, he gives his take on last week s Government announcement, and explains where women who could have missed out on thousands of pounds stand now. When Brian and Audrey Watson contacted This is Money a year ago to query the low rate of state pension she was receiving, little did I realise where it would lead. A year later, the Government has just accepted that around 200,000 married women, widows and the over 80s are on the wrong rate of pension and says that it expects to spend around £3billion putting it right. ....
Audrey and Brian Watson: Couple from Staffordshire sent a question to Steve Webb a year ago, sparking our investigation - read their story here Elderly women could receive £3billion in state pension arrears after being shortchanged for decades, the Government admitted this week. The scandal was uncovered by This is Money and former Pensions Minister Steve Webb, after we launched an investigation into a reader question to his weekly column a year ago. The huge bill results from a failure to increase some women s payments when their husbands reached state pension age or died, or when they themselves reached the age of 80. ....