UK - The Universities Superannuation Scheme (USS) has paid £1.8m (US$2.9m) in bonuses to its investment staff despite its funding level dropping severely, according to its annual accounts.
The trustee company - which runs the scheme - said at March 31 the funding level had fallen to 74% from 103% the previous year (Global Pensions, July 28, 2009). The report said the decrease refl...
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