https://birminghamdaily.co.uk/tags/forecasting/Recent content in forecasting on Birmingham DailyHugo -- gohugo.ioen-usMon, 13 Jul 2026 06:00:55 +0000https://birminghamdaily.co.uk/mps-demand-compensation-for-800000-state-pensioners-over-faulty-forecasts/Mon, 13 Jul 2026 06:00:55 +0000https://birminghamdaily.co.uk/mps-demand-compensation-for-800000-state-pensioners-over-faulty-forecasts/The Department for Work and Pensions (DWP) is facing mounting pressure to issue compensation payments to approximately 800,000 individuals after an investigation revealed widespread errors in state pension forecasts. MPs on the Work and Pensions Committee have called for redress following the exposure of a faulty forecasting tool used during the previous Labour government, which grossly overestimated many retirees’ state pension amounts. As a result of these inaccuracies, many pensioners missed opportunities to adjust their retirement plans—such as working longer or increasing savings—which has left them with significant income shortfalls.