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Articles about Pensions

Angry old man

IBM was wrong to force UK workers off final salary pensions – judge

A UK High Court judge has said that IBM breached its duties to Brit workers with a company pension by kicking a quarter of them off its final salary scheme in 2009. IBM's "Project Waltz" was implemented in 2009 to help the company meet its 2010 target for earnings per share (EPS) and cut costs. The scheme cut benefits to …
The Register breaking news

Fujitsu and Unite shake hands on pay, pensions deal

Staff at Fujitsu’s UK sites in Manchester and Crewe have ended their long-running dispute with the electronics giant after bosses agreed to bump up salaries and sort out other quibbles including pensions. Trade union Unite released a canned statement on Friday welcoming the agreement, which settles a dispute dating back to June …
Phil Muncaster, 23 Jan 2012
For Sale sign detail

HP loses MoD payroll and pensions deal to CSC

HP has lost the contract to supply pay, HR and pensions administration to the Service Personnel and Veterans Agency (SPVA) for the UK armed forces. "HP will work to ensure a seamless transition of activities to the successful bidder, ensuring no loss of service to the thousands of people who depend on the service," HP said in a …
Houses of Parliament in night-time

Universal Discredit: Gov admits Treasury HASN'T signed off biz case

Iain Duncan Smith's Department for Work and Pensions scrambled to dismiss comments made by the government's head of the civil service late on Monday, after Sir Bob Kerslake told MPs that the Treasury had yet to make the business case for the widely derided Universal Credit programme. The chair of the Public Accounts Committee, …
Kelly Fiveash, 08 Jul 2014

Piketty thinks the 1% should cough up 80%. Discuss

Piketty's Capital in the 21st Century has the economics world agog: be the first among your friends to really understand it. Thomas Piketty's book, Capital in the 21st Century, has managed to top the Amazon bestseller lists as well as getting economists snarling at each other. It's the combination of these feats that is so …
Tim Worstall, 04 Jun 2014

Hewlett-Packard paid £1.7bn by UK.gov in 2 years – report

Hewlett-Packard is the single largest supplier of services to the British government, according to a new report. Meg Whitman’s PC and server company made in excess of £1.7bn off HMG in 2012 and 2013, the Institute for Government says. The group, however, warns that “some” of its figures are not accurate. According to the …
Gavin Clarke, 27 Jun 2014
Jersey cow

Glastonbury debuts festival wide Wi-Fi network - fitted to COWS

It's one of the great problems of modern times. How does the average thirty-something festival-goer send their friends a Yo while off their chops in some far-flung field? Luckily for the ageing denizens of Glastonbury, EE has stepped in with a flock of Wi-Fi equipped cows to make sure no meal remains un-Instagrammed and no …
Jasper Hamill, 23 Jun 2014
Life of Brian

Unionised workers vote to become thorn in HP's side

Some HP workers in the Application Services (AS) division based at Lytham and Warrington have voted against plans to relocate 400 roles to regional delivery centres. According to numbers from HP and the Public and Commercial Services (PCS) union, 99 of the 331-strong base of unionised workers at the two sites returned a ballot …
Paul Kunert, 14 Jul 2014

Universal Credit: £40 MILLION and counting's been spaffed up the wall on useless IT gear

The chaotic IT implementation of the one-dole-to-rule-them-all benefits system will lead to millions of pounds of taxpayers' money being wasted, secretary of state for work and pensions Iain Duncan Smith admitted to MPs. Work and Pensions Secretary Iain Duncan Smith MP confirmed to Parliament's Work and Pensions select committee …
Kelly Fiveash, 10 Dec 2013
slow_sign

Pension quango's £18.5m project FINALLY goes live... 2 months late

An £18.5m project carried out on behalf of the UK's Pension Protection Fund (PPF) has finally gone live - two months late. A comprehensive IT infrastructure overhaul and modernisation of hardware and software was due to be installed and running by 28 February. However, The Register has learned that CGI missed both the February …
Gavin Clarke, 01 Jul 2014

MoJ IT workers 'n' pals extend strike action over privatisation

Unionised civil servants at the MoJ have extended strike action over plans to outsource back office functions to a French integrator amid fears of wide-scale job cuts. As revealed first by us last month, members of the Public and Commercial Services (PCS) union voted in favour of industrial level protests over the MoJ's decision …
Paul Kunert, 29 Jul 2014
Francis Maude

Never mind bungled Universal Credit rollout, Maude wants UK to be 'most digital' gov by 2015

Just one day after Francis Maude labelled the bungled deployment of Universal Credit - the all-in-one replacement for the benefits system - as "lamentable", the Cabinet Office Minister has been trumpeting that the UK could be "the most digital government" in the G8 by next year. Maude made the claim on Thursday when his office …
Kelly Fiveash, 10 Jan 2014

Ministry of Justice IT bods to strike over outsourcing fears

Nearly half of the unionised techies at the UK's Ministry of Justice have voted to strike over proposals that could shift IT service work into the private sector. At the heart of the matter is the Cabinet Office's excitingly titled Next Generation Shared Services Strategy, which was published in March 2013: the strategy's …
Paul Kunert, 20 Jun 2014

Labour vows: We'll pause one-dole-to-rule-them-all for drastic fix-up if elected in 2015

The Labour Party has promised to put the brakes on the deeply troubled Universal Credit system for three months if it gets into government next year. During that time, shadow work and pensions minister Rachel Reeves said that Labour would urge the National Audit Office to conduct a review of the lumpen welfare reform programme. …
Kelly Fiveash, 24 Jun 2014
Google sign outside Mountain View headquarters

Google spaffs $50 MILLION on 'get girls coding' campaign

It's a job that involves long hours sitting in front of a computer, bashing characters into a computer while ignoring the happy people who are outside, frolicking in the sunshine. What hip young woman wouldn't want to be a computer programmer? With this in mind, Google has embarked upon a $50m drive to encourage women to get …
Jasper Hamill, 20 Jun 2014

UK.gov pops lid off £700m barrel of non-Cloudable hosting pork

The Cabinet Office is seeking a joint venture partner to help it tackle what it describes as one of the most costly areas of public sector tech – hosting. Crown Hosting (CHS), along with Government Digital Services, is hunting for a "private sector partner" to take a minimum 75 per cent stake in a joint venture vehicle to …
Paul Kunert, 21 Jul 2014

Need reminding how troubled Universal Credit is? MPA puts it in special 'reset' category

Iain Duncan Smith's massively troubled Universal Credit system is so deep in the toilet - according to the government's Major Projects Authority - that it's not even worthy of being flagged with a "red" warning anymore. The Department for Work and Pensions has made such a hash of the huge benefits' reform scheme – which has been …
Kelly Fiveash, 23 May 2014

IDS finally admits what EVERYONE ELSE already knows: Universal Credit will be late

Work and Pensions Secretary of State Iain Duncan Smith admitted for the first time today that the government's Universal Credit system is unlikely to hit its original 2017 deadline, following costly technology implementation blunders. The one-dole-to-rule-them-all project has been hamstrung by poor management, bad decision- …
Kelly Fiveash, 05 Dec 2013

Capita IT Services staff plan strike over pay this Friday

Unionised Capita IT Services (ITS) workers are staging a one-day strike over pay on Friday. Unite reckons the industrial action could impact customers including Deutsche Bank and Prudential. Negotiations between staff and management have hit the buffers and top brass at the integrator are refusing to get back round the table to …
Paul Kunert, 24 Jul 2013
Fawlty Towers

Apple cash stash dash results in Icahn v CalPERS bitchfight

Activist investor Carl Icahn has gone to war with the pensioners of California over his bid to get his grubby mitts on Apple's mammoth money pot. The moneyman wants Apple to launch a $50bn share buyback, which would give shareholders a profitable but brief payday. But the California Public Employees' Retirement System (CalPERS …
Jasper Hamill, 06 Feb 2014

WANTED: New head of crashingly expensive, error-prone and frankly cursed one-dole-to-rule-them-all system

Whitehall mandarins are deeply touchy about what historians may eventually consider to be one of the Tory-led coalition government's biggest domestic failures – the widely slammed Universal Credit benefits' system. In fact, that sensitivity around Universal Credit (UC) has led to the Department for Work and Pensions scurrying to …
Kelly Fiveash, 15 May 2014
The Register breaking news

Chancellor to raid pensions, Whitehall to revamp UK broadband

The Chancellor of the Exchequer is expected to deliver a gloomy autumn statement to MPs tomorrow when he will unveil the Treasury's gambit to boost the economy by pumping £30bn into the UK's ageing infrastructure - which includes more cash for broadband. To do that, cuts of around £5bn are planned for Whitehall and George …
Kelly Fiveash, 28 Nov 2011
ISC Compucolor II. Source: Oldcomputers.net

Fingers crossed! Half a trillion quid in public cash entrusted to ageing gov IT

Nearly half a trillion pounds in tax and other revenues lining the UK government's coffers every year are processed by decades-old IT systems - and the National Audit Office is worried. The auditors, who this week published fresh research [PDF] on public-sector tech, estimated that £480bn of government revenue relied on legacy …
Paul Kunert, 12 Sep 2013
Photo by Adam Hart-Davis

IBM hid China's reaction to NSA spying 'cos it cost us BILLIONS, rages angry shareholder

An IBM shareholder is suing Big Blue, accusing it of hiding the fact that its ties to the NSA spying scandal cost it business in China – and wiped billions off its market value. The Louisiana Sheriffs' Pensions and Relief Fund has filed the suit in New York, claiming that Big Blue "misrepresented and concealed" that its …
The Register breaking news

UK's £500m web dole queue project director replaced after JUST 4 months

The Department for Work and Pensions has replaced the project director of Universal Credit, its £500m web-based benefits system, days after denying it's suffering an IT management crisis. Project director Hilary Reynolds will be moved sideways and her role filled by David Pitchford, Universal Credit's chief executive. Pitchford …
Kelly Fiveash, 11 Mar 2013

Hold on a mo: Brits blow £56m a year on the blower to gov minions

British callers spent £56m last year on calling costly 084-prefixed numbers for government departments, the National Audit Office has said. The public spending watchdog released a report today that showed that Blighty's government departments were still using higher rate phone numbers, particularly in the Department of Work and …
The Register breaking news

IBM UK snuffs 'final salary' pensions

IBM UK has shelved its "final salary" pension plan, pulling this prime benefit out from under about 28 per cent of its workforce. With an email sent to employees at about 5:30pm UK time - after most employees had likely gone home for the day - IBM UK and Ireland general manager Brendon Riley announced the end of the company's …
Cade Metz, 07 Jul 2009

Capita inks another local council deal, pockets £154m

West Sussex County council has awarded Capita a 10-year deal for the outsourcing of various support services, including telecommunications and pension fund administration, worth £154m. According to a notice in the Official Journal of the European Union, Capita, which was named as the council's preferred bidder last month, will …

Yet another pricey Olympics' exec drafted in by UK.gov - this time for broadband spending

The Tory-led UK government is desperate for success stories with its big IT projects. As Whitehall ministers increasingly confess to big problems with various tech deployments, they keep turning to the private sector - and specifically execs who delivered the London 2012 Olympic Games* - to help rescue troubled schemes. Step …
Kelly Fiveash, 15 Jan 2014
The Register breaking news

Brits on benefits: 'Dole office site only works on PCs over 10 YEARS OLD'

Benefits claimants signing up for disability living allowance online are told they cannot use modern browsers, smartphones or even Macs. The Department for Work and Pensions' microsite - available at www.dwp.gov.uk/eservice - states that folks should use it for claiming attendance allowance, disability living allowance and …
Gareth Corfield, 30 Apr 2013
Smashed Apple Store window

GOV.UK's criminal record check IT job blow: Home Office snubs new design

More rumblings of conflict between the Cabinet Office's Government Digital Service - the team creating trendy GOV.UK - and other mandarins were heard echoing around Whitehall last night. Late on Tuesday, the Cabinet Office slipped out a statement in which it buried the news that GDS has suffered two significant blows. It said …
Kelly Fiveash, 11 Dec 2013
The Register breaking news

New benefits website at risk of hackers, no Plan B - ministers

Fraud and identity theft are serious problems threatening Universal Credit, Blighty's soon-to-be-launched web-based benefits system, ministers said yesterday. Pensions Secretary Iain Duncan Smith and welfare reform minister Lord Freud were grilled by the Work and Pensions Select Committee over the new programme, designed to take …

UK.gov's digi-by-default plan slammed: Show us the savings - MPs

A letter that demands answers to a wide range of concerns expressed by MPs about the government's digital-by-default has landed on Cabinet Office Minister Francis Maude's desk. The Science and Technology Select Committee's chair Andrew Miller fired off the missive (PDF) to Maude, after gaping holes were spotted in evidence …
Kelly Fiveash, 10 Jul 2013
The Register breaking news

Top IT bods bail out of new Universal Credit online dole system

The Department for Work and Pensions has strenuously denied that its Universal Credit project will be derailed by the departure of key IT employees. Universal Credit aims to overhaul Blighty's benefits system by merging six government handouts into one regular payment that can be claimed and managed online. It is due to go fully …
Kelly Fiveash, 09 Nov 2012
francis_maude_flames_evil

Gov: Half of new tech spending must be made with SME suppliers

The UK government is trying to accelerate procurement reforms and hit ambitious targets by directing at least half of all new IT spending to small biz suppliers before the next general election. One of the grand aims of the Cabinet Office had been to route 25 per cent of all government IT business through SMEs by the end of …
Paul Kunert, 12 Aug 2013
channel_teaser_exit

CEO of bloated outsourcing firm Capita quits after 26 years

Fat cat chief exec Paul Pinder is to quit after 26 years at outsourcing giant Capita to head up small, private equity-backed businesses. The man who, along with other top brass, pocketed a 20 per cent pay hike last year as IT Services staff had their wages frozen and bonuses shelved, is to be replaced by Capita deputy chief exec …
Paul Kunert, 18 Nov 2013
axe_channel_teaser

Hundreds of UK CSC staff face chop, told to train Indian replacements

Computer Science Corporation (CSC) workers heading for the chopping block in Britain have been asked to train their replacements in India and the Czech Republic. Some 750 staff in the UK have been threatened with redundancy under the IT giant's global workforce shakeup, and roughly 200 roles will be moved offshore. CSC - …
Paul Kunert, 02 Aug 2013
Apple stock price

EU: Let's cost financial traders $400m a day, because EVIL BANKERS. Right?

Hurrah! The European Union has decided to save us from the perils of automatic trading! Also known as High Frequency Trading (HFT) or algo trading, this is simply the practice of writing a piece of code to do the buying and selling faster than a human being can possibly do it. We've talked about the basics of it here before at …
Tim Worstall, 23 Apr 2014
The Register breaking news

Universal Credit: ONLY 6 job centres to get new dole system in October

The UK government's controversial plans to cut and shut benefit payments into one system was defended today by Work and Pensions Secretary of State Iain Duncan Smith. Just as Duncan Smith took his seat for a relatively easy grilling from the Work and Pensions Select Committee, his department put out a statement about the …
Kelly Fiveash, 10 Jul 2013

Ignore the GIGANTIC assets write-off, Universal Credit IT 'is working' – UK.gov

Hundreds of millions of pounds are understood to have been wasted on the government's Universal Credit programme - a huge IT project to cut and shut six benefits schemes into one payment system - but Whitehall insisted today that the tech was working. The minister for welfare reform Lord Freud claimed: Most people are claiming …
Kelly Fiveash, 25 Nov 2013
The Register breaking news

BT could jack up line charges to fill pensions hole

Ofcom is pondering allowing BT to jack up its line charges to allow it to lighten the £9bn pension deficit hanging round the neck of the former state-owned telco. The possible move by the regulator could see OpenReach, BT's wholesale arm, up its charges by as much as 4 per cent. This would in turn land on those companies which …
Joe Fay, 01 Dec 2009
The Register breaking news

IBM UK pensions in doubt

IBM managers are in meetings across the country to hear about changes to the company pension. Observers are speculating that the firm will announce the end of the UK's final salary pension, as it has already done in the US. A flock of major UK - and US - companies have pulled the plug on their traditional final salary schemes …
Team Register, 26 Jan 2006
The Register breaking news

UK.gov squatting on £1bn IPv4 motherlode

The UK's Department for Work and Pensions is sitting on up to £1bn worth of IPv4 addresses that it is not using, according to an online petition. The epetition was sparked by a blog posting from programmer John Graham-Cumming, who spotted the /8 block of addresses, over 16.8 million, was completely unused on the Autonomous …
The Register breaking news

Work and pensions IT projects £315m over budget

An MP has revealed that a single Department for Work and Pensions project is responsible for £169m cost overruns. The project, which is intended to help improve customer service and deliver efficiencies, was planned for completion in March 2007. It is now scheduled to be finished in 2010 or 2011, and cost £598m rather than the …
Kablenet, 12 Mar 2008
The Register breaking news

Universal Credit IT system could lead to MORE FRAUD, MPs warn

The number of benefit cheats in the UK could rise thanks to yet more IT problems with the government's new Universal Credit system, MPs warn. A communities and local government committee report published on Wednesday cast more doubt over the "readiness" of the Department for Work and Pensions' Universal Credit system - which …
Kelly Fiveash, 04 Apr 2013
George Osborne looking like he means it

UK.gov dangles £10m sweetener over bumpkin broadband hopefuls

The government plans to slip £10m into the pockets of outfits willing to test alternative ways to bring superfast broadband access to those bits of Blighty left untouched by BT's fibre-to-the-cabinet technology rollout. The extra funding was announced ahead of Chancellor of the Exchequer George Osborne's rambunctious Autumn …
Kelly Fiveash, 05 Dec 2013

Watchdog drags Home Office to naughty step for dragging feet on FOIs

The Home Office may face sanctions if it fails again to reply to Freedom of Information (FOI) requests on time, the Information Commissioner warned today. The department - run by Home Secretary Theresa May - will be monitored by the watchdog to see how fast it responds to FOIs received between 1 July and 30 September this year …
Kelly Fiveash, 09 Aug 2013
The Register breaking news

Dept of Work and Pensions isn't working, says report

A report by the Parliamentary and Health Service Ombudsman roasts the Department of Work and Pensions (DWP) for its poor information provision, poor record keeping and poor complaint handling. While noting that the DWP is a big department with wide-ranging responsibilities, it also reveals that just over one third of the …
Jane Fae Ozimek, 01 Apr 2009
Gordo: EPIC FAIL

Oxfam, you're full of FAIL. Leave economics to sensible bods

As I become ever more viciously right wing with age, I become ever more disappointed with Oxfam. It's not just because I have left behind the views of Genghis and am galloping up close behind Attila. It's rather that the organisation itself has changed from being that well-meaning, thoroughly humanitarian organisation that doled …
Tim Worstall, 20 Mar 2014
The Register breaking news

Dole office to roll out digital benefits to north-west – 6 months early

The government has announced plans to launch universal credit six months ahead of the national rollout in October 2013. The scheme will go live in the Greater Manchester and Cheshire region in April 2013. The Department for Work and Pensions said that the early rollout of its new benefit system is expected to see up to 1,500 new …