USS sees sharp rise in funding deficit due to Covid-19

Holly Roach
clock • 2 min read

The Universities Superannuation Scheme (USS) revealed it has seen a sharp rise in its funding deficit over the last year due to the impact of Covid-19.

The scheme's 2020 annual report & accounts, published today (29 July), revealed its funding deficit as at 31 March this year reached £12.9bn, compared to £5.4bn at the same time in 2019. The sch...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Concern among employers that financial pressure could undermine pension saving

Concern among employers that financial pressure could undermine pension saving

Most employers surveyed by People’s Pension fear employees will opt out of workplace pensions

Holly Roach
clock 13 March 2026 • 1 min read
Pensions minister unveils People's Partnership redesigned headquarters

Pensions minister unveils People's Partnership redesigned headquarters

Provider unveils newly refurbished offices with visit from pensions minister Torsten Bell

Martin Richmond
clock 13 March 2026 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

M&G results, PPF appoints acting CEO and Lords salary sacrifice amendments

Professional Pensions
clock 13 March 2026 • 1 min read
Trustpilot