All Universities Superannuation Scheme (USS) articles – Page 6
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NewsUK asset owners step up search for income in alternatives
UK asset ownersstep up search forincome in alternativesUK institutional investors showed an increased appetite for income-generating alternative asset classes last year amid an ultra-low and negative interest rate environmentEnterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif;}.sh_embed * {-webkit-box-sizing: border-box;-moz-box-sizing: border-box;box-sizing: border-box;}.sh_embed .sh-embed-bg {position: absolute;width: ...
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Thousands warn of ‘unjustified’ USS discount rate rises
More than 3,000 people have written to the trustees of the Universities Superannuation Scheme to criticise proposed changes to the valuation methodology that, they say, will result in its members and employers being overcharged by the scheme.
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NewsUSS at risk of missing 2020 valuation deadline
The Universities Superannuation Scheme is at risk of missing the statutory deadline for its 2020 valuation, according to its chief executive, Bill Galvin.
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NewsHousing charities face 50% hike in pension costs
Housing charities face50% hike in pension costsIncrease needed to fund the Social Housing Pension Scheme's surging deficit of £1.6bnEnterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif;}.sh_embed * {-webkit-box-sizing: border-box;-moz-box-sizing: border-box;box-sizing: border-box;}.sh_embed .sh-embed-bg {position: absolute;width: 110%;height: 110%;top: -5%;left: -5%;z-index: -1;background-color: rgba(0,0,0,.8);}.sh_embed #embed_article {display: none;}.sh_embed .sh-embed-img ...
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Aon warns USS consultation could confuse employers
Aon has warned that the consultation document presented by the trustee of the Universities Superannuation Scheme will be of only limited use to employers, and may leave some unable to make vital decisions.
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Rail sector pension plan staring down £15bn black hole
On the go: The largest pension scheme serving the UK’s rail sector is standing on the event horizon of a £15bn black hole created by changes to its funding rules, the Financial Times has reported.
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USS announces ‘challenging’ valuation consultation
The Universities Superannuation Scheme has launched a consultation with employers over its 2020 valuation, which at worst could present a £17.9bn deficit. But it faces a fight with the University and College Union, which said it had no confidence in the “needlessly cautious” approach taken by the USS.
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USS delays scheme valuation
On the go: The Universities Superannuation Scheme has been forced to delay its valuation by two weeks, due to the “urgent and difficult matters relating to A-level results and admissions”.
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NewsUSS member satisfaction at ‘record low’ as contributions rise
Members of the Universities Superannuation Scheme are growing increasingly dissatisfied with their relationship with the scheme, its latest annual report and accounts show.
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NewsUSS strikes £300m deal with with affordable housing investors
The Universities Superannuation Scheme has entered into a £300m 45-year debt facility arrangement with a real estate investment trust, funding shared ownership housing developments.
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NewsUSS divests from coal, tobacco and weapons manufacturers
The UK’s largest pension scheme has announced it is to divest from selected coal, tobacco and weapons manufacturers, following years of campaigning by members and activist groups.
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USS sticks with March valuation despite battered funding level
Market volatility has seen the Universities Superannuation Scheme’s asset portfolio shed more than 13 per cent of its value and its deficit pass £11bn in recent days, triggering concerns, but as yet no action, from trustees.
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USS likely to breach deficit trigger
The Universities Superannuation Scheme could breach funding triggers relating to the size of its deficit, as coronavirus continues to cause turmoil in markets.
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USS, Calpers and Japanese giant set out sustainability demands
On the go: Three of the world’s most prominent pension fund investors have released a joint statement on sustainability, hitting out at short-termism and scepticism that could allow climate change alone to destroy $69tn (£53.7tn) in global economic wealth.
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Talks fail to head off USS strikes
On the go: University employers have stated they are unwilling to meet the demands of a trade union ahead of strikes over the Universities Superannuation Scheme beginning this week.
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NewsUniversity strikes announced as talks fail to placate union
Staff at 52 UK universities are to strike over pensions for 14 days during February and March, despite recent talks between employers, trade unionists and the trustees of the Universities Superannuation Scheme.
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Academic support for renewed strike action swells
On the go: Up to 52 universities could now be affected by strike action if a dispute over the Universities Superannuation Scheme is not solved, after a reballot of institutions by the University and College Union.
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‘Constructive talks’ held on USS valuation
On the go: Stakeholders and trustees of the £68bn Universities Superannuation Scheme have agreed shared statements of purpose with regards to the plan, as the opening rounds of talks to break a valuation deadlock were branded “constructive” by the meeting’s chair.
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USS DC section to begin exploring alternative assets
On the go: The Universities Superannuation Scheme is to begin adding alternative assets to its default defined contribution portfolio, the £68bn pension giant announced on Wednesday.
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Universities and unions to renew talks over USS
On the go: Employers, trustees and trade unionists will reopen discussions over the Universities Superannuation Scheme following the publication of an independent report into the plan’s valuation processes.