‘The government is considering saving money by privatising the delivery of the state pension, according to Whitehall documents seen by the Guardian.
In an effort to make up billions more in austerity savings, the Department for Work and Pensions (DWP) has initiated a review of how it issues 4.5m pension statements each year and the administration of £100bn in public money to millions of pensioners in the UK and around the world.
The review – which is entitled DWP Efficiency Review, runs to over 80 pages and is marked “restricted” – also considers how to make cost savings in the way the department handles three quarters of a million phone calls and the distribution of £98bn in benefits and tax credits.’
Red more: State pension service could be privatised under DWP plans
