Pre-budget NHS scheme exits paint positive picture for LTA

155,092 members pushed out of the scheme in eight months

Hope William-Smith
clock • 1 min read
Pre-budget NHS scheme exits paint positive picture for LTA

More than 50,000 people left the NHS Pension Scheme in the first half of the last tax year, with more than a third citing cost pressures.

A freedom of information request from Quilter to the NHS Business Services Authority - published yesterday (24 April) - confirmed costs drove 53,762 members out between April and December last year...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Royal London launches three sustainable funds

Royal London launches three sustainable funds

New funds expand the provider’s range of sustainable funds to nine

Martin Richmond
clock 03 October 2025 • 1 min read
L&G surpasses £200bn in DC assets as it targets workplace flows of c.£50bn by 2028

L&G surpasses £200bn in DC assets as it targets workplace flows of c.£50bn by 2028

Milestone includes £100bn in workplace schemes and £30bn in L&G Mastertrust

Jonathan Stapleton
clock 01 October 2025 • 4 min read
What single-employer DC trustees need to know about the Pension Schemes Bill

What single-employer DC trustees need to know about the Pension Schemes Bill

Mark Pemberthy says Bill brings ‘significant reform’ to the way DC trusts demonstrate value

Mark Pemberthy
clock 30 September 2025 • 6 min read
Trustpilot