GPs unaware of pension options

Nearly half of GPs are unaware of their right to switch pension scheme, according to a survey.

GPs should seek advice on pension choices

A poll of 176 GPs by financial advisors Wesleyan found that 45 per cent were unaware of the NHS pension choice exercise, which allows doctors in the 1995 plan to transfer their pensions to the 2008 scheme. The study also reveals widespread concern over NHS pension provision, with 96 per cent of GPs expecting cuts to NHS pension provision in the future.

The BMA has recently vowed to oppose Lord Hutton's proposals for the reform of public sector pensions.

Lord Hutton called for an end to final-salary pensions and higher employee contributions.

A spokesman for Wesleyan said GPs should use the pension choice exercise as a chance to review their retirement plans.

Dr John Canning, chairman of the BMA's professional fees committee and a Wesleyan advisor, said: 'The NHS pensions scheme is an extremely good one but as with any pension scheme it may not provide everyone with the level of retirement they want.'

Although GPs are busy, it is 'extremely important' they seek advice on the best options available through the NHS choice pack, he said.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins


Already registered?

Sign in

Follow Us:

Just published

NHS prescription and packet of pills

GPs can now prescribe flu antivirals on the NHS

GPs and other prescribers are now able to issue NHS prescriptions for antivirals...

GP sign

Prevention set to be key battleground for 2024 GP contract

Negotiations on a new GP contract from 2024/25 will need to 'align closely' with...

Talking General Practice logo

Podcast: What makes a strong PCN and how will integrated care systems affect networks?

Talking General Practice speaks to GP and PCN clinical director Professor Aruna Garcea,...


GP core funding rise outstripped by staff pay awards under five-year contract

Staff pay awards have outstripped increases in core GP practice funding between 2019/20...

BMA sign

Fifth of GP time spent on non-medical work as NHS absorbs cost of 'government failure'

Doctors are 'picking up the pieces of government failures' as the cost-of-living...


How the five fundamentals of COPD care can help GPs support patients

GP Dr Andrew Whittamore, clinical lead at Asthma + Lung UK, explains NICE’s five...