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
Iain Duncan Smith. Pic: Foreign & Commonwealth Office

Universal Credit white elephant needs 'urgent breakthrough' says MP

Acting shadow work and pensions secretary Stephen Timms MP (Labour) has warned that a "significant breakthrough" is now urgently required for the severely delayed and over-budget Universal Credit system, otherwise it may be time to scrap the project. To many the programme is increasingly resembling a white elephant, with the …
Kat Hall, 30 Jun 2015

Hackers target Japan’s legion of pensioners, stealing wads of data

Approximately 1.25 million of Japan's elderly citizens have had their sensitive personal data stolen after an emailed virus took root in the Japan Pension Service's staff computers. The data includes combinations of names, identification numbers, birth dates and addresses Reuters reports that the data spaff was admitted by …
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 …
Candy Crush Saga

MP caught playing Candy Crush at committee meeting: I'll ‘try’ not to do it again

Conservative MP Nigel Mills has been caught playing the popular and addictive mobile game Candy Crush Saga for over two-and-a-half hours while supposedly actively participating in a discussion on national pension reforms. Images and a video were published (paywall) in The Sun of the politician playing the game on his iPad in a …

Mobe-hungry BT's sales slip over Xmas amid EE buyout silence

Sales at one-time state telco monopoly BT fell by three per cent to £4.48bn in its third quarter, the company announced today. The decline, as compared to last year's Q3 revenues, reflects a "modest" decline in BT's business revenue with more customers moving to data and VoIP services, it said. The company also blamed foreign …
Kat Hall, 30 Jan 2015
gavel_judgment_channel

HP coughs up $100 MEEELLION to settle Autonomy lawsuit

HP has coughed up $100m (£65m) to settle its legal dispute with a Dutch pension fund over its massive $8.8bn (£5.6bn) Autonomy write-down. HP confirmed today that it has entered into a settlement agreement with PGGM Vermogensbeheer, the lead plaintiff in the securities class action arising from the impairment charge taken by HP …
Kat Hall, 09 Jun 2015
Electronic waste dump in China

UK.gov spaffed billions into IT projects at 'high risk of failure' last year

The British government blew £2.5bn on a number of IT projects flagged at high risk of failure in 2014/15, a Register analysis of the Major Project Authority annual report into big government programmes can reveal. The lifetime cost of all those IT projects is almost £36bn. The annual report on the status of 188 big projects said …
Kat Hall, 26 Jun 2015
Out Run arcade game cabinet

Snoopers' Charter queen Theresa May returns to Home Office brief

Theresa May has – despite her failure to ram through the Snoopers' Charter under the previous Tory-led Coalition government – once again, been handed the troublesome Home Office brief. Prime Minister David Cameron, whose Conservative Party secured a slim majority in the House of Commons on Friday, has been lightly reshuffling …
Kelly Fiveash, 11 May 2015
cake

Reseller SCC buys a slice of Fluidata

IT re-seller SCC has taken an undisclosed stake in London-based data connectivity outfit Fluidata, so as to further muscle into the infrastructure space. James Rigby, chief executive of SCC, said the investment will give the company access to the data telecoms market. "Fluidata positions SCC at the forefront of data centre …
Kat Hall, 23 Mar 2015

SME IT contracts? That's the last thing Whitehall wants – report

Government departments are unenthusiastic about funneling more of their IT biz through SMEs, according to a survey of nearly 1,000 central government IT bods. Only 20 per cent said there is an appetite within their department to procure a higher percentage of technology services from SMEs, found the research from IT trade body …
Kat Hall, 27 May 2015
SoftLayer's data center

SCC bags universal credit hosting contract

Reseller and IT services outfit SCC has won a two-year hosting deal for the Department for Work and Pensions' (DWP) troubled universal credit programme for a sum worth "over six figures". The deal was awarded through the G-Cloud and is part of the DWP's next "digital service" phase of the programme, which is currently being …
Kat Hall, 27 Feb 2015

Universal Credit could take 10 YEARS to finish, says Labour MP

The government's disastrous £700m Universal Credit programme could take up to 10 years to complete, Labour MP Stephen Timms informed El Reg on Thursday. "I've been reliably told by someone formerly working on the programme that it will take ten years to complete. Based on the evidence, I have no reason not to believe that time- …
Kat Hall, 13 Mar 2015

Gov departments still splashing BILLIONS on big-ticket IT projects

Big Whitehall departments got the green light to splash more than a billion pounds on IT projects last year, data analysis by The Register can reveal. A total of £1.4bn was handed out to the six largest government departments according to their spend exemption data, which is made available as part of the government's commitment …
Kat Hall, 10 Mar 2015
Angry old man

Who uses the Universal Credit system? ALMOST NOBODY, says report

Very little progress has been made on the Department for Work and Pensions' disastrous Universal Credit programme, with just 0.3 per cent of the eligible population using it, the Public Accounts Committee has said. “As the department has justified this spending on the promise of benefits in the future – such as from higher …
Kat Hall, 25 Feb 2015

UK public sector biz keeps French giant Atos buoyant

Sales at French outsourcing giant Atos rose 5.1 per cent to €9.1bn (£5.9bn) for its full-year 2014, buoyed by UK public sector spend. Net income was €283m (£183m), up a respectable nine per cent from the previous year. However, the firm said when currency exchange was taken into account, sales dropped 1.1 per cent on last year …
Kat Hall, 19 Feb 2015

Citizens denied chance to vote in local-government IT cockup

Failures in local government IT systems have threatened the legitimacy of some of today's parliamentary elections by denying large numbers of citizens a chance to vote. The scandal so far appears to be concentrated around the constituencies within Hackney London Borough Council, where voters, in their hundreds, are being …
Royal coat of arms on a court building. Pic: Elliott Brown

Use snooped data in court? Nah, says UK.gov - folk might be cleared

British government snoops claimed it was too much hassle for them to use intercepted communications data in court proceedings because the accused could use the info to prove their innocence, it has emerged. Police officers, spies and local council bin inspectors were all asked for their views of Blighty's surveillance laws as …
Gareth Corfield, 12 Jun 2015
Whitehall road sign. Sgt Tom Robinson RLC/Crown copyright

'Whitehall must address creaking IT', says ex CIO big wig

Whitehall IT chiefs are not doing enough to address the UK government's creaking IT legacy systems, some of which are 30 years old, former government CIO Andy Nelson has warned. Speaking to El Reg, he said this problem is not currently seen as a business priority. Nelson was previously government CIO until the role was axed in …
Kat Hall, 05 Jun 2015

Redundo-happy IBMers will benefit from High Court pension ruling

IBMers that take voluntary redundancy ahead of a High Court ruling on the firm’s pension scheme will still benefit from any remedies set out should they leave, according to an internal document. Staffers who were refused salary increases because they railed against changes to pensions were told they are able to claim damages in …
Paul Kunert, 16 Mar 2015
IBM Headquarters, Armonk, NY

High Court: IBM staff refused pay increases can claim damages

IBM employees who were refused salary increases because they would not agree to changes to the company's pension scheme are entitled to claim damages, the High Court has ruled. The judgment set out the remedies available to employees in relation to "Project Waltz". The project was implemented in 2009 to help the company meet its …
Kat Hall, 02 Mar 2015
Oracle Termites

Government locked into £330m Oracle contract until 2016

The Home Office is locked into a £330m mega-contract with Oracle and Fujitsu until 2016 – despite recent moves to slash costs by shifting its ERP system into a shared services centre run by French mega-integrator Steria, according to a Freedom of Information response. The contract was signed in 2009 for an Oracle E-Business …
Kat Hall, 08 Dec 2014

Ark of the Government deal confirmed, joint venture established

In a massive departure from the usual big supplier merry-go-round of government IT contracts, the Cabinet Office has confirmed a £700m legacy "Crown Hosting" deal with small data centre biz Ark, as revealed by El Reg last week. In a statement, the department claimed the joint venture company, in which Ark will own a 75 per cent …
Kat Hall, 20 Mar 2015
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

£100 MILLION poured down drain on failed UK.gov IT projects - in just ONE YEAR

Whitehall mandarins have wasted more than £100m on failed or cancelled IT projects in the last 12 months. That’s according to the Taxpayers’ Alliance, which has collated losses across all departments for 2013 – 2014. The Alliance uncovered £107m lost as projects were scrapped, gains weren’t realized or unnecessary costs were …
Gavin Clarke, 16 Feb 2015
Old Bailey Lady Justice

More Home Office and MoJ jobs could move abroad, union warns

Jobs at the Ministry of Justice and the Home Office could be next in line to be offshored to India, the PCS union has warned, with both departments joining a £1bn shared services venture with outsourcing giant Steria. The Shared Services Connected (SSCL) joint venture, in which Steria owns a 75 per cent stake and the Cabinet …
Kat Hall, 31 Oct 2014
Tommy Lee Jones delivers implied facepalm. From No Country for Old Men  Copyright Miramax Pictures. 2007.

YES, we need TWO MEELLION ORACLE licences - DEFRA

The Department for Environment, Food & Rural Affairs and its agencies are still forking out vast amounts of taxpayer cash on no less than two million Oracle licences, despite efforts by the government to slash expensive annual ERP fees. According to a Freedom of Information response to El Reg, DEFRA and some other relatively …
Kat Hall, 07 Jan 2015

Our system handles £130bn and it's BUST. Want the job of fixing it? Apply to UK.gov

The Department for Work and Pensions (DWP) has identified "technical and security vulnerabilities" in its £284.9m central benefits payment system - responsible for underpinning the much-maligned Universal Credit programme and processing 13 million payments each week, The Register can reveal. The Central Payments System's …
Kat Hall, 20 Nov 2014

Car-crash IT: HUGE write-off for Universal Credit - PAC

Just £34m of IT investment will be re-usable from more than £600m spent on the Universal Credit car-crash IT programme "if" a digital version of the system ever arrives, a Public Accounts Committee hearing has indicated. "The truth is of what we've invested in live, only £34m will go over to digital," said PAC chair Margaret …
Kat Hall, 11 Dec 2014

The BIG stretch: Software and flexing your firm's size

A mathematician (a Fields Medal winner, so a real one) once asked an economist whether there was anything in economics that was non-obvious and non-trivial. Well, the answer that came back was: "It's all obvious or trivial except Ricardo on comparative advantage." So, once explained, this analogy is both obvious and trivial, …
Tim Worstall, 11 May 2015
man_inks_deal_channel signs contract services

Clock's ticking for suppliers who want a piece of hot DWP action

The Department of Work and Pensions has issued a call to tech firms to provide and host a toolset for service integration and management functions in a gig worth up to £17.5m over the next three years. The contract notice posted on the Official Journal of the European Union today, part of IT Transformation Programme, gives …
Paul Kunert, 03 Sep 2014
Downing Street road sign

Must diarise: UK.gov Verify ID system will 'definitely' work by 2016

The government insists it will meet its 2016 deadline for all digital services to be underpinned by its gaffe-prone identity assurance system, GOV.UK Verify – despite having failed to move off the increasingly vulnerable Gateway system. By March 2016 the Government Digital Service intends all departments to have integrated …
Kat Hall, 09 Dec 2014

Universal Credit CRISIS: Howard Shiplee SHIPS OUT of top job

The Department for Work and Pensions' deeply troubled Universal Credit project has lost yet another chief, after Howard Shiplee quit the role on Monday. His decision to walk is a big blow for Secretary of State Iain Duncan Smith, who has witnessed a revolving door of UC bosses since the Cabinet minister unveiled his one-dole-to- …
Kelly Fiveash, 30 Sep 2014

UK.gov shuns IT support tower model. Now what the hell do we do?

Escaping the clutches of the big evil system integrators has long been part of the government's IT rhetoric. Yet confusion reigns as to what the strategy actually is now that previous "disaggregation" plans have been torn up – and those contracts are about to expire. Outsourcing overall might be on the rise across the public …
Kat Hall, 24 Feb 2015

UK.gov set to burn half a BEELLLION POUNDS on one-dole-to-rule-em-all IT, claims PAC chair

The UK government's deeply troubled Universal Credit omni-dole project is expected to lead to IT write-offs of more than £500m, according to Public Accounts Committee chair Margaret Hodge. In an interview for a special BBC Radio 4 programme on welfare reform, the Labour MP said that she believed money blown on the taxpayer- …
Kelly Fiveash, 29 Oct 2014

The Walton kids are ABSURDLY wealthy – and you're benefitting

Worstall @ the Weekend One of the great statistics being bandied about in the great inequality debate is that the Walton family have more wealth between the four siblings than the bottom 40 per cent of Americans do in total. Apparently this is something most shocking – and, of course, something must be done. I would argue that there's nothing very …
Tim Worstall, 12 Apr 2015

Piketty-Poketty-Poo: Some people are JUST ITCHING to up tax to capital ...

Worstall @ the Weekend I'll cop to being a bear of little brain, for it can take me a long time to spot what should be obvious. And so it is with my taking so long to work out what's really going on with Capital in the Twenty-First Century author Thomas Piketty and all that wealth inequality stuff. I believe his book is essentially a political project …
Tim Worstall, 02 Nov 2014

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

Worstall on Wednesday 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
Candy Crush Saga

Hooker beating: What if you read the Bible AND play GTA5?

QuoTW Angry Aussie gamers were up in arms this week after Target and Kmart pulled Grand Theft Auto V from sale in the country. The shops dumped the game after a petition on Change.org claimed that GTA5 “encourages players to murder women for entertainment”: The incentive is to commit sexual violence against women, then abuse or kill …

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
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
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

UK government accused of hiding TRUTH about Universal Credit fiasco

A government body tasked with flagging up troublesome Whitehall projects has been accused of secrecy and ineptitude over its handling of the Department for Work and Pensions' widely panned Universal Credit programme. MPs sitting on the Public Account Committee said in a report published today that the Major Projects Authority, …
Kelly Fiveash, 19 Aug 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

Basic minimum income is a BRILLIANT idea. Small problem: it doesn't work as planned

Worstall @ the Weekend Given that we've a general election coming up, people are starting to actually pay attention to what the various politicians are saying. Which is, of course, interesting, for it's often the first time that said politicos are asked whether their sums add up. So it was when Natalie Bennett of the Green Party was “questioned” - …
Tim Worstall, 08 Feb 2015
slow_sign

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

Exclusive 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
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
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