GP Money Matters is a series of special bonus episodes of Talking General Practice sponsored by Wesleyan where we look at key personal finance issues that affect GPs.
In this episode GPonline editor Emma Bower talks to Wendy Baillie, a chartered financial planner and the retirement lead for the medical division at Wesleyan, about the complexities of the NHS pension scheme and the specific challenges currently facing GPs.
Wendy provides a recap on the McCloud judgment, the high court ruling about unfair changes to public pension schemes, and explains why the resulting administrative backlog is making it difficult for doctors to get the finalised numbers they need to plan their retirement.
She discusses the risks of making decisions about retirement without full information on your pension and practical steps GPs can take at different stages of their careers to ensure their pension is in good health.
Wendy outlines what you need to consider to ensure you have the retirement you want, particularly if you hope to retire early.
This episode was produced by Czarina Deen.
About Wesleyan
Wesleyan Financial Services supports doctors with advice shaped around the realities of the profession.
From complex income structures and portfolio careers to the NHS Pension Scheme and retirement options, its Specialist Financial Advisers work closely with doctors every day. Recognised by the NHS as able to give guidance on the NHS Pension Scheme, Wesleyan brings trusted expertise to key financial decisions. Combining financial planning, investment advice and protection, it helps doctors make confident, informed choices.
96% of doctors rated their specialist financial adviser as very good or excellent, reflecting a focused service that helps doctors protect their income, grow wealth and plan ahead with confidence.
Remember: The value of investments can go down as well as up, and you may get back less than you invest.
Wesleyan Financial Services Ltd (Registered in England and Wales No. 1651212) is authorised and regulated by the Financial Conduct Authority. Registered Office: Colmore Circus, Birmingham B4 6AR. Telephone: 0345 351 2352. Calls may be recorded to help us provide, monitor and improve our services to you.