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NIRS II to cost £35m to £40m

The Department of Social Security has announced that the compensation bill for delays to occupational and personal pensions providers caused by computer system NIRS II will reach between £35m and £40m.


The Government issued the figures in response to a question from Liberal Democrat Social Security spokesman David Rendel MP.


Rendel condemns the additional costs.


He says: &#34The original contract cost the Contributions Agency around £138m. But these compensation payments will add a further £40m.


&#34That is not good value for money. Sadly it is taxpayers who have to fit the bill.&#34

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