[Retlaw]

Originally Posted by davebtelford

Just started getting my pension - grateful for it - but why can't they pay it monthly instead of weekly, 4-weekly or 12 weekly? Most, if not all, other receipts to & payments from my bank account occur monthly (on fixed dates) but the default 4-weekly pension payment date will keep moving around so I can't count on it to cover a direct debit at a particular date & I will have to be continually checking what my balance is.

I find it really antiquated & pretty annoying

Its paid weekly because some people can't manage their finances properly, paying by the 12 monthly payments 4.34 weeks per month, would be a big temptation to overspend, and be broke before their next monthly payment.
Think of a better system, that covers all possibilities, and sell it to the goverment.
Retlaw