End of Covid pension rules could see 7,000 NHS staff retire in March - Quilter

'Urgent action needed'

Julia Bahr
clock • 2 min read

In fear of facing a financial penalty, thousands of nurses and doctors who gave up retirement to help out during the Covid-19 crisis could leave the NHS in March 2022, according to new data obtained by Quilter.

The firm said an extension of Covid rules for NHS workers is needed to avoid the exodus. The UK government's coronavirus action plan, published on 3 March 2020, set out measures to respond to pandemic, one of which was to allow recently-retired NHS staff to return to work and tackle the crisis without suffering a penalty on their pension. The temporary suspension comes to an end on 24 March 2022 and data suggested more than 7,000 doctors and nurses may be affected by the changes and could choose to retire as a result, according to Quilter. Quilter NHS pension specialist Graham Cros...

To continue reading this article...

Join Professional Adviser

  • 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.



Already a Professional Adviser member?


More on Pensions

Government consults on DC pensions value for money framework

Government consults on DC pensions value for money framework

Key metrics, standards and data disclosures among the proposals

Jonathan Stapleton
clock 30 January 2023 • 2 min read
Savova: "Our focus remains on helping our ever increasing customer base manage their pensions."

PensionBee reports 56% rise in invested customers during 2022

Pension provider’s registered customer base at just under one million

Martin Richmond
clock 20 January 2023 • 1 min read
PLSA chair Emma Douglas

Pensions and Lifetime Savings Association: The 100th anniversary

Trade body talks of need for people to achieve better retirement income

Jonathan Stapleton
clock 20 January 2023 • 3 min read