Teachers' scheme gets £940m funding boost but universities miss out

James Phillips
clock • 1 min read

The Teachers' Pension Scheme (TPS) will be given £940m of government funding in an aim to ensure it remains "among the most generous in the country".

Following a consultation, the Department for Education yesterday (11 April) announced it will fully cover the increase to pension contributions required from state-funded schools and colleges in 20...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Benefit

'Common vision' essential when considering run-on, says Hymans Robertson

'Common vision' essential when considering run-on, says Hymans Robertson

Consultancy says lack of shared vision could lead to wasted time and money

Martin Richmond
clock 17 June 2024 • 3 min read
Most DB pension schemes now have a professional trustee

Most DB pension schemes now have a professional trustee

Aon says number of professional trustees expected to rise for most DB schemes

Jasmine Urquhart
clock 07 June 2024 • 1 min read
Broadstone: 50% hedged scheme approaches full funding

Broadstone: 50% hedged scheme approaches full funding

Broadstone Sirius Index finds fully hedged scheme reaches 68% funding

Jasmine Urquhart
clock 06 June 2024 • 1 min read
Trustpilot