All Universities Superannuation Scheme (USS) articles – Page 2
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NewsTPR’s criminal powers ‘pose risks’ to universities
The Pensions Regulator’s new criminal powers could potentially pose risks to university sponsors of defined benefit schemes, especially in light of reforms at the Universities Superannuation Scheme, legal experts have said.
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NewsUCU threatens ‘unprecedented strikes’ as USS reaches surplus
The University and College Union has strongly criticised the decision to cut staff benefits, as the Universities Superannuation Scheme’s June monitoring report reveals a surplus of £1.8bn and universities prepare to embark on billions of pounds in capital expenditure.
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NewsPrivate markets managers ‘failing to provide climate data’
On the go: Private markets managers “seem generally unprepared to support clients” with the data they need to meet their Task Force on Climate-related Financial Disclosures requirements, Hymans Robertson has said.
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NewsUniversities Superannuation Scheme acquires Butlin’s assets
On the go: The £90.8bn Universities Superannuation Scheme has acquired three real estate assets handled by holiday resort operator Butlin’s.
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NewsUSS annual report shows significant improvement but angers unions
The significant improvement in the Universities Superannuation Scheme’s funding position and resilience has angered the University and College Union, which argued that benefit cuts implemented in April were “totally unnecessary” in light of the scheme’s strength.
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NewsUSS review sees ‘much improved’ deficit cut by £12bn
Despite an accelerated year-end review conducted by the Universities Superannuation Scheme revealing a “much improved deficit”, with a reduction of £12bn, the trustee board is reluctant to agree to interim changes to benefits of contribution rates before the scheme’s 2023 valuation.
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NewsDB goliaths call for AVCs stronger nudge exemption
Seven defined benefit schemes with £217bn in assets have asked for Work and Pensions committee intervention due to concerns regarding ‘stronger nudge’ requirements, which they believe are not fit for purpose.
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NewsPensions engagement campaign to launch this autumn
On the go: The first iteration of a new pensions engagement campaign created by the Association of British Insurers and the Pensions and Lifetime Savings Association will run from September to November.
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NewsEmployers call for UCU backing over USS governance review
On the go: Universities UK, the group representing 340 Universities Superannuation Scheme employers, has called for the backing of the University and College Union over the scheme's governance review.
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NewsSchemes start to gather learnings from first TCFD reports
As the first group of UK schemes have completed their Task Force on Climate-related Financial Disclosures reports, they have been challenged by the long process, incomplete and inconsistent data, and lack of mandatory reporting from fund managers.
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NewsUSS launches £1bn asset-backed securities push
On the go: The £90bn Universities Superannuation Scheme has launched an in-house mandate to invest in asset-backed securities.
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NewsAcademics reject USS Employers’ 12% pensions cut forecast
On the go: A group of academics have attempted to refute Universities UK’s claim that staff in the £90bn Universities Superannuation Scheme earning less than £40,000 annually would receive a “headline” cut of 12 per cent to their future pension, pointing out to higher losses.
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NewsICO in talks with TPR over member communications
On the go: The Information Commissioner’s Office is engaging with the Pensions Regulator to clarify the current rules involving member communications, as schemes and providers believe existing legislation prevents them from reaching out to these individuals.
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NewsSoas demands new USS valuation and inequality assessments
On the go: Soas University of London and its union branch have jointly called for “an evidence-based, moderately prudent valuation as soon as possible” of the £88.8bn Universities Superannuation Scheme.
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NewsUSS plans funding review as deficit drops to £1.6bn
The £88.8bn Universities Superannuation Scheme has teased the possibility of increasing benefits and cutting contributions, after its latest review revealed a markedly improved funding position.
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NewsCofE convenes climate transition group, Clara pledges net zero
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a coalition of UK pension funds joining forces to support climate transition in emerging markets, and a net zero pledge from Clara-Pensions.
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NewsLoughborough Uni and UCU warn USS against reducing contributions
On the go: Positive changes resulting from the next valuation of the Universities Superannuation Scheme should be used to improve member benefits, Loughborough University and the University and College Union have argued.
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NewsUCU agrees marking boycott in latest USS escalation
On the go: Staff at 26 universities will take part in a marking boycott and strike action following the latest escalation of the ongoing Universities Superannuation Scheme pensions dispute.
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NewsNew strike mandate at universities over USS pensions row
On the go: Staff at 27 universities have a mandate to take strike action over pensions that will last until October 2022, after the University and College Union secured the support of its members.