The Universities Superannuation Scheme (USS) has warned that it faces a difficult investing environment, despite increasing its funding ratio from 77% to 85% over the year to March.
The scheme - the largest in the UK - is still facing a shortfall of £7.2bn, down from £11.5bn in March 2013. Chairman Sir Martin Harris attributed the stubborn deficit to extremely low governmen...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- 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
