Retirement flexibilities central in latest NHS pensions consultation

Any changes to the scheme are expected to come in next Spring

Martin Richmond
clock • 2 min read

The government has opened a consultation on proposed amendments to the NHS Pension Scheme.

The consultation, launched by the Department of Health and Social Care (DHSC) yesterday (5 December), is seeking views on the proposed changes outlined in the scheme's ‘Our plan for patients' policy paper, which was published in September. The proposed changes include an amendment to the 1995 section of the scheme to provide members with new retirement flexibilities, removing obstacles for staff returning to work from retirement. The proposals also include plans to enable staff members to take partial retirement should they wish to do so. The DHSC has outlined a proposal to reduce the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Joint administrators begin transfer process for Hartley SIPP clients

Joint administrators begin transfer process for Hartley SIPP clients

Comes after the SIPP operator was declared in default by FSCS

Isabel Baxter
clock 05 April 2024 • 1 min read
HNWs not making the most out of increased pension allowance

HNWs not making the most out of increased pension allowance

Only a third have taken advantage of the new £60,000 limit

Isabel Baxter
clock 02 April 2024 • 2 min read
DB pensions industry 'working against' govt finance agenda

DB pensions industry 'working against' govt finance agenda

There is little incentive for schemes not to take risk off the table

Jonathan Stapleton
clock 20 October 2023 • 2 min read