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

News Digest: BoE expected to slow balance sheet rundown after gilt market turbulence

News Digest: BoE expected to slow balance sheet rundown after gilt market turbulence

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 16 September 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

GSAM appointed by Shell to run OCIO pensions brief, LCP warns against Budget pensions tax relief raid, Utmost publishes half-year results

Professional Pensions
clock 12 September 2025 • 1 min read
Outlook 'less than rosy' as UK GDP flatlines in July

Outlook 'less than rosy' as UK GDP flatlines in July

Tough decisions ahead for the chancellor

Michael Nelson
clock 12 September 2025 • 2 min read
Trustpilot