USS and BTPS to pay Thames Water leakage penalty

James Phillips
clock • 1 min read

Universities Superannuation Scheme (USS) and the BT Pension Scheme (BTPS) will be asked to pick up the tab for some of the £120m penalty levied on Thames Water.

The sum, which comprises a total repayment of £65m to around 15 million customers and £55m of automatic penalties, comes after the water regulator, Ofwat, criticised the firm for a lack of oversigh...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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