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It is administered by the NHS Business Services Authority, a special health authority of the Department of Health of the United Kingdom. The NHS Pension Scheme was created in 1948. [1] The NHS Pension Scheme is made up of the 1995/2008 Scheme and the 2015 Scheme.
The UK has the fifth largest share of healthcare financed through government schemes out of the 36 OECD member states. [6]According to the Department of Health and Social Care a total of £9.2 billion was paid to private providers in England in 2018-9, or about 7% of the departmental budget (it would be a larger proportion of the NHS budget).
Private healthcare services are normally provided as a top-up for NHS services (free of charge) or funded by employers through medical insurance as part of a benefits package to employees. Most private care is for specialist referrals from the NHS. Private healthcare has cut waiting times for some patients. [1]
A dramatic upswing in British government bond yields this week triggered calls for cash from defined benefit pension funds, forcing them to slash positions and prompt the Bank of England to mount ...
Wes Streeting’s proposals to make general practitioners salaried NHS employees have been criticised in some quarters of the medical profession. But Sir Keir, writing in The Sunday Telegraph ...
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The Act also contained a number of measures to correct particular references in the existing body of pensions-related legislation and other small and technical measures to both state and private pension legislation. This included the following measures: increased flexibility in the date of consolidation of additional state pension;
After extensive privatisation of the public sector during the Margaret Thatcher administration, there remain few statutory corporations in the UK. Privatisation began in the late 1970s, and notable privatisations include the Central Electricity Generating Board, British Rail, and more recently Royal Mail.