I am seeking a list of the funds/stocks etc that the NHS Pension is invested in. I want this information for the latest available time period.
The NHS Pensions Scheme is an unfunded occupational scheme backed by the Exchequer, and there is no fund or investments that pensions are paid from. The cost of pensions is met annually by HM Treasury. The Scheme is currently operating with a net cash surplus (negative Net Cash Requirement), due to receipts exceeding the payments made, and this surplus is returned to HM Treasury during the following financial year. If payments are forecast to exceed income within a financial year, the balance of the funding required is requested from Parliament through the annual Supply Estimates process. The cash flows of the Scheme are classed as Annually Managed Expenditure (AME) for government accounting purposes.
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