Universities Superannuation Scheme

Defined Benefit

USS agreement reached but members call for 'no capitulation'

Universities UK (UUK) has come to an agreement with the University and College Union (UCU) over the future of the Universities Superannuation Scheme (USS), reducing entitlement but maintaining defined benefit (DB) accrual.

clock 13 March 2018 • 3 min read

Investment

USS invests in Yorkshire Water inflation-linked swaps

The £60bn Universities Superannuation Scheme (USS) has made a follow-on investment in Yorkshire Water inflation-linked notes, backed by inflation swap cash flows, to secure long-term returns.

clock 07 March 2018 • 2 min read

Defined Benefit

UUK agrees to further talks to end strike over USS pension reforms

An agreement has been reached between Universities UK (UUK) and the University and College Union (UCU) to more talks in an attempt to end strike action over controversial pensions changes.

clock 28 February 2018 • 2 min read

Defined Benefit

UUK joins CDC bandwagon as it sets out possible USS replacements

Universities UK (UUK) has suggested a collective defined contribution (CDC) scheme could be a replacement for the defined benefit (DB) element of the Universities Superannuation Scheme (USS).

clock 23 February 2018 • 2 min read

Defined Benefit

University staff vote for strike action over USS closure

Universities are facing significant disruption after members of the University and College Union (UCU) voted for strike action over the planned closure of the Universities Superannuation Scheme (USS).

clock 22 January 2018 • 2 min read

Industry

Was Port Talbot the tipping point for pension freedoms?

Henry Tapper says as the initial euphoria of 'never having to buy an annuity again' wears off, the prospect of freedoms becomes less appealing

clock 05 January 2018 • 3 min read

Defined Benefit

First Actuarial's DB index surplus reaches record high in November

All 6,000 UK schemes had a surplus of £358bn by the end of last month when calculated under a best estimate return on their assets, according to First Actuarial.

clock 20 December 2017 • 2 min read

Defined Benefit

USS overhaul could leave staff over £200,000 worse off at retirement

A lecturer starting work today could be £208,000 worse off over the course of their retirement if Universities Superannuation Scheme (USS) proposals take effect.

clock 01 December 2017 • 3 min read

Defined Benefit

Warwick vice-chancellor attacks DB closure plans for USS

Closing the Universities Superannuation Scheme (USS) to future accrual would have "serious consequences" and alternative approaches should be explored, the University of Warwick's vice-chancellor has said.

clock 29 November 2017 • 2 min read

Industry

Have your say: Are we facing a crisis in retirement income?

This week we want to know if the UK is facing a crisis in the retirement income market and whether government concern about a rushed cold calling ban is valid.

clock 21 November 2017 • 1 min read
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