USS trustees to ask High Court to refuse permission for members’ legal action
University academics have issued the proceedings over ongoing valuation concerns
60-day consultation set to begin as USS trustee chair says price of certainty more expensive
While the proposal received majority backing, this was without UCU support
A settlement for the Sanofi Pension Scheme and a warning on HMRC tax proposals
Employers representing 95% of USS membership responded to the UUK consultation
Universities UK (UUK) has opened a formal consultation with employers in the Universities Superannuation Scheme (USS) seeking views on how to tackle the scheme’s funding situation.
The Universities Superannuation Scheme (USS) has refused a request by UK university employers to review the assumptions for its 2020 valuation which calculated a funding shortfall of almost £18bn.
Universities Superannuation Scheme (USS) has reported a technical provisions deficit of between £14.9bn and £17.9bn as of 31 March 2020, and delayed its valuation as it considers how to proceed.
The Universities Superannuation Scheme (USS) trustee board has warned investment returns will be lower in the future than expected as it edges closer to concluding its 2020 valuation.