Thank you for your request for information about the following:

Request

‘I am writing to make a request for information under the Freedom of Information Act 2000.

Please could you provide details of how pension contributions are currently invested? Specifically:

1. A list of the companies, funds or sectors in which members' pension contributions are invested.

2. Information on any ethical investment policies or criteria that guide your investment decisions.

3. Whether you screen out companies involved in activities such as fossil fuel extraction, arms manufacturing, tobacco or other industries considered unethical by ESG (Environmental, Social, and Governance) standards

4. Any recent assessments or reviews of the ethical or ESG performance of your investment portfolio.

If possible, I would like to receive this information in digital format (such as PDF or spreadsheet).’

The NHS Business Services Authority (NHSBSA) received your request on 7 April 2025.

We have handled your request under the Freedom of Information Act 2000 (FOIA).

Our response

I am writing to advise you that following a search of our paper and electronic records, I have established that the information you requested is not held by the NHS Business Services Authority.

Advice and assistance

Please note the NHS Pension Scheme does not make investments. The following scheme guides are available on our website:

https://www.nhsbsa.nhs.uk/sites/default/files/2024-05/2015%20Members%20Guide%20%28V13%29%2005.2024.pdf

https://www.nhsbsa.nhs.uk/sites/default/files/2024-05/1995-2008%20Members%20Guide%20%28V25%29%2005.2024.pdf

The scheme guides advise the following:

Pension Scheme Fund

The NHS Pension Scheme does not have an invested pension fund as per private sector pensions, but as a statutory scheme, benefits are fully guaranteed by the government.

Contributions from both members and employers are paid to the Exchequer, which meets the cost of Scheme benefits

Data Queries

Please contact foirequests@nhsbsa.nhs.uk ensuring you quote the above reference if you have any specific questions regarding this response; or, if you feel you may be misunderstanding or misinterpreting the information; or, if you plan on publishing the data.

Reusing the data and copyright

If you plan on producing a press or broadcast story based upon the data please contact communicationsteam@nhsbsa.nhs.uk. This is important to ensure that the figures are not misunderstood or misrepresented.

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:

http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/

Should you wish to re-use the information you must include the following statement: “NHSBSA Copyright 2025”. 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.