Money Box
Summary
Capita, which manages a large pension scheme, promised to fix long delays in pension payments by the end of June 2026, but this deadline is unlikely to be met. Many retired and current civil servants are facing financial difficulties due to these delays, and cases of pension fraud are also rising, with fraudsters now using AI technology.Key Facts
- Capita manages one of the biggest pension schemes in the country.
- Pension payments to tens of thousands of retired and serving civil servants have been delayed.
- These delays cause serious financial problems for pensioners and their families.
- Capita promised the Public Accounts Committee to solve these problems by the end of June 2026.
- The deadline to fix the issues is not likely to be met.
- Reports of pension fraud are increasing.
- Fraudsters are now using artificial intelligence (AI) to carry out scams.
- A consumer expert gave advice on avoiding extra fees when using cards abroad during the holiday season.
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