HUNDREDS of thousands of people receiving benefits must take action before the end of this month or risk having their payments stopped. The government is moving two million people who were still receiving old benefits onto Universal Credit through ‘managed migration’. People still receiving old benefits are being asked to switch to Universal CreditSource: Getty … Read more
Nexus is a BIS Innovation Hub project that aims to improve cross-border payments by connecting multiple domestic instant payment systems (IPS) worldwide. It is the first BIS Innovation Hub project in the payments area to move towards live implementation. BIS will play an advisory role as Project Nexus establishes an operational schedule and opens up … Read more
By Steve Webb for This Is Money Updated: 04:28 EDT, June 17, 2024 I have received Working Tax Credit whilst simultaneously contributing to my personal private pension with Scottish Widows over an extended period. These contributions were made possible via direct debit from my bank account, which allowed me to deduct 100 percent of the … Read more
Ahead of a potential shake-up that could see cash payments replaced by vouchers, PIP recipients are being presented with eight different payment options. The Department for Work and Pensions (DWP) has unveiled proposals to overhaul the existing system in its ‘Modernizing Support for Independent Living: The Green Paper on Health and Disability’. The DWP said: … Read more
CUSTOMERS at a major bank are furious after being charged twice due to a technical glitch. People have complained to the Co-operative Bank that payments have been debited twice from some small business account holders. Co-op Bank has apologized after payments were debited twice from some accountsCredit: PA:Press Association One irate customer on It is … Read more
Are you affected by the delay? Email arthur.parashar@mailonline.co.uk Furious parents say they cannot put food on the table after an HMRC error prevented some child benefit payments from arriving as planned on Monday. HMRC has apologized after around 30 per cent of child benefit payments scheduled for June 3 failed to arrive in claimants’ accounts … Read more