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<p>There is a requirement under HM Treasury’s New Fair Deal policy for staff who are
compulsorily transferred from the National Health Service to a wholly owned subsidiary
to be allowed continuing access to the NHS Pension Scheme. Whether or not to apply
for access in relation to new starters is a matter for the wholly owned subsidiary
company and its parent foundation trust. Any applications received from wholly owned
subsidiary companies will be considered on their merits in accordance with the Secretary
of State’s powers under section 25 of the Public Service Pensions Act 2013 (a)<sup>1</sup>.</p><p>
</p><p>Note:</p><p><sup>1</sup>The Public Service Pensions Act 2013 confers powers
to the 2015 NHS Pension Scheme. For the 1995 and 2008 schemes, powers are conferred
by sections 7(1) and (3) of the Superannuation (Miscellaneous Provisions) Act 1967(a).</p><p>
</p><p> </p>
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