Vice chancellors reject union proposals for USS

UCU says there is ‘no justification’ for pension cuts as the scheme deficit has shrunk

Hope William-Smith
clock • 2 min read
Employers have been paying 21.4% of pay since October 2021
Image:

Employers have been paying 21.4% of pay since October 2021

More than 98% of universities have this week confirmed they do not support the University and College Union’s (UCU) proposal to conclude the Universities Superannuation Scheme’s (USS) 2020 valuation.

Responding to the latest update yesterday (21 February) UCU general secretary Jo Grady again argued there "is no justification" for cuts to USS members' benefits given the USS deficit - around £14b...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Aegon to launch commercial pensions dashboard

Aegon to launch commercial pensions dashboard

Comes after the FCA published its regulatory framework for dashboard service firms

Holly Roach
clock 11 November 2024 • 1 min read
FCA unveils final pensions dashboards rules

FCA unveils final pensions dashboards rules

The FCA has shared its regulatory framework for pensions dashboards service firms

Holly Roach
clock 08 November 2024 • 4 min read
Inaugural Bloomfield Lecture focuses on lifelong financial independence for all

Inaugural Bloomfield Lecture focuses on lifelong financial independence for all

Talk explores approaches to promote greater adequacy and equity for all

Professional Pensions
clock 08 November 2024 • 2 min read
Trustpilot