Pensions  

Treasury delays NHS scheme McCloud remedy to October 2023

It is an issue the Department of Health and Social Care addressed in September when then-health secretary Thérèse Coffey unveiled the department’s report on how best to retain NHS staff.

“We know that people are leaving the workforce for a variety of reasons. For instance, currently, pension rules can be a disincentive for clinicians who want to stay in the profession or return from retirement and help our national endeavour,” Coffey told the House of Commons on September 22.

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“We will correct those pension rules relating to inflation. We will expect NHS trusts to offer pensions recycling, and we will extend – until 2024 – measures that will allow people to stay or to return to the NHS,” she added.

Tom Higgins is a freelance reporter for Pensions Expert, FTAdviser's sister publication