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NHS Pension investment structure

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Dear NHS Business Services Authority,

Please could you provide information on how NHS Pension contributions are allocated for investment, who makes the decisions regarding investment allocations, and how often these are reviewed? Do investments take into account environmental, social and corporate governance (ESG)?

Yours faithfully,

L Choo

FOIREQUESTS, Nhsbsa (NHS BUSINESS SERVICES AUTHORITY),

2 Attachments

Dear L Choo

 

Thank you for your request for information about the following:

 

‘Please could you provide information on how NHS Pension contributions are
allocated for investment, who makes the decisions regarding investment
allocations, and how often these are reviewed? Do investments take into
account environmental, social and corporate governance (ESG)?’

 

Your request was received on 25 November 2019 and I am dealing with it
under the terms of the Freedom of Information Act 2000.

 

Response

 

I am writing to advise you that the information you requested is not held
by the NHS Business Services Authority.

 

The NHS Pension Scheme is an unfunded public sector pension scheme and as
such contributions are not allocated for investment.

 

The contributions are effectively paid into the notional NHS Pension
Scheme fund. At retirement a Scheme member’s pension benefits are
guaranteed by the Exchequer.

 

More detailed information can be found on our website at the following
link:

 

[1]https://www.nhsbsa.nhs.uk/nhs-pension-sc...

 

Please note that this response will be published on our Freedom of
Information disclosure log at:

 

[2]https://apps.nhsbsa.nhs.uk/FOI/foiReques...

 

Your personal details will be removed from the published response.

 

The information supplied to you continues to be protected by the
Copyright, Designs and Patents Act 1988 and is subject to NHSBSA
copyright. This information is licenced under the terms of the Open
Government Licence detailed at:

[3]http://www.nationalarchives.gov.uk/doc/o...

 

Should you wish to re-use the information you must include the following
statement:

“NHS Pensions, NHSBSA Copyright 2019” This information is licenced under
the terms of the Open Government Licence:

 

[4]http://www.nationalarchives.gov.uk/doc/o...

 

Failure to do so is a breach of the terms of the licence.

 

Information you receive which is not subject to NHSBSA Copyright continues
to be protected by the copyright of the person, or organisation, from
which the information originated.  Please obtain their permission before
reproducing any third party (non NHSBSA Copyright) information.

 

If you are unhappy with the service you have received in relation to your
request and wish to make a complaint or request a review of my decision,
please write within 40 working days of the date of this response to:

 

Chris Gooday

Information Governance Manager

NHS Business Services Authority

Stella House

Goldcrest Way

Newburn Riverside Business Park

Newcastle upon Tyne

NE15 8NY

 

Details of how we will handle your review request are available on our
website at:

 

[5]https://bit.ly/2Sjdk2H

 

If you are not content with the outcome of your complaint, you may apply
directly to the Information Commissioner’s Office (ICO) for a decision.
Please note that generally, the ICO cannot make a decision unless you have
exhausted the NHS Business Services Authority’s complaints procedure.

 

The Information Commissioner can be contacted at:

 

Information Commissioner’s Office

Wycliffe House

Water Lane

Wilmslow

Cheshire

SK9 5AF

Tel:  01625 545 745

Fax: 01625 524 510

Email: [6][email address]

 

We would also value your feedback regarding the way in which your request
was handled. You can provide us with direct feedback on our website at the
following web link:

 

[7]Information Governance Survey

 

Any feedback you provide will be strictly anonymous and much appreciated.

 

Regards

 

Chris Dunn

Information Governance Specialist

Security and Information Governance
[8]www.nhsbsa.nhs.uk

We are constantly looking at ways to
[9]Description: Description: improve our services. You can give us
cid:image004.png@01D4178F.C585F600 feedback using the link below:

[10]Information Governance

 

[11]Description: Description: Description: Description: NHSBSA (NHS@70)
Header 2
Stella House, Goldcrest Way, Newburn Riverside Business Park, Newcastle
upon Tyne NE15 8NY

 

 

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We don't know whether the most recent response to this request contains information or not – if you are L Choo please sign in and let everyone know.