USS reports itself to TPR following breach of funding measure amid market volatility

Holly Roach
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The USS breached the funding measure ratio for the fifth consecutive day on 12 March
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The USS breached the funding measure ratio for the fifth consecutive day on 12 March

Universities Superannuation Scheme (USS) has reported itself to The Pensions Regulator (TPR) after one of its key funding measures exceeded a specific threshold for five consecutive days following continued financial market volatility.

The measure breached by USS relates to the ability to remain ‘self-sufficient' and pay pension promises without additional calls on employers for contributions. A statement from the scheme explained:...

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