Too much weight was placed on a test determining the manageable distance to self-sufficiency within 20 years for the Universities Superannuation Scheme (USS), a joint expert panel has concluded.
The test resulted in outputs highly sensitive to "subjective" input assumptions, and has acted as a "constraint on benefit design and driver of investment strategy", creating too high a valuation o...
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