The trustees of the Universities Superannuation Scheme (USS) have proposed raising total contributions by 41% by April 2020.
Both employers and employees will share the burden, with employees seeing the largest increases proportionally as part of a plan to plug a £900m estimated annual funding gap. The proposed figure...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
