USS deficit rises 83% to £5.3bn in three years
Universities Superannuation Scheme (USS) has seen its funding deficit increase by £2.4bn in its latest triennial valuation as low gilt yields pushed up its liabilities.
The defined benefit (DB) scheme's 31 March 2014 actuarial valuation, published last week, shows its deficit worsen to £5.3bn after reporting a £2.9bn deficit in the previous valuation in March 2011...
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