All Universities Superannuation Scheme (USS) articles – Page 7
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News
USS warns of ‘complex’ issues in response to JEP report
On the go: The Universities Superannuation Scheme has welcomed reform proposals put forward by an independent panel, but has warned that the issues are “complex” and may take some time to resolve.
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USS expert panel calls for dual discount rate in 2020 valuation
The Universities Superannuation Scheme Joint Expert Panel, set up to review the valuation of the scheme, is calling for a “dual discount rate approach” to the 2020 valuation, aimed at distinguishing between past and future accrual.
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USS urged to consider expert report in next valuation
UK universities and staff have called for the UK’s biggest pension fund to ensure its 2020 valuation process fully considers a forthcoming report from an independent panel of experts.
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USS CEO defends pension actions as academics strike
On the go: Universities Superannuation Scheme chief executive Bill Galvin has defended the plan’s approach to valuing its liabilities, in a radio interview on the last planned day of strikes at Britain’s higher education institutions.
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FeaturesNo easy way out of USS strikes
Analysis: University staff across the UK are on strike over pensions for the second time in as many years, and despite detailed scrutiny of the affordability of their pensions since the first walkout in early 2018, academics still do not feel they have been listened to.
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University employers write to staff ahead of strikes
Representatives of the UK’s universities have written an open letter to staff asking them to reconsider strikes over issues including pensions, planned to begin next week.
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Academics union questions regulator’s oversight of USS
Academics have expressed disquiet over the role of the Pensions Regulator in the governance in one of the largest occupational pension schemes in the UK.
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High Court tells ombudsman to reconsider pension case
A dispute over whether a university employee was entitled to her full pension has been sent back to the Pensions Ombudsman after the High Court disagreed with the initial decision.
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UCU calls 8-day pensions strike affecting 60 universities
On the go: University staff will walk out at 60 of the UK's higher-education institutions later this month, after a conflict between unions and bosses on pensions and pay failed to reach a resolution.
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University staff back strike action over pensions
On the go: Members of the University and College Union have voted in favour of strike action over changes to the Universities Superannuation Scheme, the latest threat of a walkout in a long-running pensions dispute.
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USS recovery plan talks begin after employers fail to head off strike threat
On the go: The trustee of the Universities Superannuation Scheme has issued a series of consultation documents in a bid to commence agreements with employers on a suitable recovery plan and contribution rates for the scheme.
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Regulator hits back over influence on USS valuation
The Pensions Regulator has defended its record over the Universities Superannuation Scheme, after the Work and Pensions Committee questioned the regulator’s role in USS’s contested 2017 valuation.
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News
TPR authorises four more master trusts
On the go: The Pensions Trust, Fidelity, Standard Life and Stanplan A have gained authorisation from the Pensions Regulator, bringing the total number of approved master trusts to 10.
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NewsUCU threaten autumn strikes after USS whistleblowing
The University and College Union has outlined a timetable for industrial action at UK universities later this year, demanding concrete action from employers to improve pay and secure pensions.
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Trinity rocked by fellow resignations
Three academic fellows resigned from Trinity College Cambridge on Monday, protesting the college’s decision to exit the Universities Superannuation Scheme.
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NewsTrinity fellows go ahead with plans to leave USS despite UCU censure
A special meeting of fellows at the University of Cambridge’s Trinity College has supported the decision to leave the Universities Superannuation Scheme, despite the threat of censure from a trade union.
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FeaturesThe clear cost of investment
Obscuring investment costs is becoming a risky game for the asset management industry, and Dr Chris Sier knows it.
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News
UCU chief urges Trinity College to backtrack on USS exit
On the go: The University and College Union has written a last ditch open letter urging the fellows of Trinity College at the University of Cambridge to reconsider their withdrawal from the Universities Superannuation Scheme.
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NewsCambridge academics threaten to ‘greylist’ Trinity College if it leaves USS
Two-hundred-and-fifty Cambridge academics have signed an open letter condemning a proposal from Trinity College to withdraw from the Universities Superannuation Scheme and to set up its own private pensions scheme.
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TPR expresses 'grave concerns' over USS funding proposal
On the go: In a leaked email to Universities Superannuation Scheme, The Pensions Regulator has expressed “grave concerns” over an option for finalising its 2018 valuation that could delay funding pressures into the future.