31 March 2025
If you are covering the statement from the Minister of State for Health about extended timelines to provide ‘remediable service statements’ for NHS Pension Scheme Members who are affected by the McCloud and Sargeant case, please find a comment from Graham Crossley, NHS pension expert at Quilter:
“We are disappointed in the delays surrounding the delivery of remediable service statements for affected NHS Pension Scheme members. These delays have made financial planning difficult for many individuals. The uncertainty has led to missed opportunities to use full allowances, and these opportunities are lost unless the government introduces exceptional measures, such as extending carry forward rules to five years instead of three.
“Today’s update from the Minister of State for Health highlights the complexity and challenges involved in producing these statements. While we understand the technical difficulties, the impact on financial planning cannot be understated. The revised delivery plan prioritises members based on their likelihood of facing financial detriment, but the extended deadlines mean many members will receive their statements later than anticipated.
“We urge the government to consider urgent measures, including extending the carry forward rules and providing immediate remediable service statements for those needing transitional tax-free amount certificates. These steps are crucial to ensure that affected members can make informed decisions about their pension benefits without further delays.”
