Can NHS pensions be used to invest in NHS?

[okright]

Thinking about friends in NHS's million pound pensions (age 40 years + professionals- dentists, doctors).

Would it be viable to de invest in worldwide investments and invest in NHS instead and pay back the pensions from NHS money. Would that be cheaper and improve the NHS situation which can only get worse without radical change ?

Im not sure public sector pay is lower. But I agree a campaign to encourage people plan for old age is a good idea.

When I started work some 30 years ago it was always, public pay lower but benefits much higher. Take your pick which one suits you better. Until lately.

Baldrick, what a cunning plan!

Can't you not know an answer, not look it up first and put it up for discussion?

Mumsnet knows most things and something interesting always comes up. And as an added bonus some people get to rub their fanny or how superior they are.

Neither do any of the schemes that Labour want to pile pension money into.

https://www.bbc.co.uk/news/articles/c4gve4d8jljo

Mega-pots will just make it easier to lose it all.

The Canadian Teachers Pension used to invest in The National lottery I think.

Those proposals relate to the LGPS funds, which, unlike the NHS scheme, are funded schemes and so hold invested assets (similar to legacy defined benefit schemes in the private sector)

There have been campaigns encouraging people to plan for old age for several decades. Trouble is that people think it's too far away so most don't bother. There was a massive push for SERPS (state earnings related pension) in the 80s. Then another push in the 90s for S2P (state second pension), both with very attractive tax/NIC benefits. People knew that the state retirement age was rising as far back as the late 90s, but most just sat chanting "la la la" with their hands over their ears and then whinged 20 years later that they weren't getting their state pensions at 60 anymore.

@Lovelysummerdays some ps wages are lower but there are lot that are higher or decent salaries. And as a pp pointed out it's extremely secure work.

I saw a job recently in the ps and the employer contribution was about 30%!!! I wish my employer was as generous!!

Umm yes, they are entirely insurance based. Social insurance. The state runs the insurance side; the private or not for profit sector delivers the healthcare. Unless you have another model in mind…?

It seems you didn't understand my post.

There's a big difference between a social insurance model and a private insurance model.

People sometimes try to pretend a US system and a European system are the same thing, they are not.