Union deems USS valuation consultation 'disappointing'

Scheme members to be asked about potential modifications to 2020 valuation proposals

Hope William-Smith
clock • 3 min read
Union deems USS valuation consultation 'disappointing'

Proposals outlined in a consultation yesterday to modify Universities Superannuation Scheme (USS) pension arrangements are “deeply disappointing” and will “devastate” scheme members’ retirement prospects, according to the University and College Union (UCU).

Universities UK (UUK) - the sponsoring employer of the USS - yesterday (2 February) commenced a consultation with employers on potential changes to the employer's proposals for concluding the schem...

To continue reading this article...

Join Professional Pensions

  • 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

Join now

 

Already a Professional Pensions member?

Login

More on Admin / Technology

Penfold: £7m funding round will grow workplace offering

Penfold: £7m funding round will grow workplace offering

Round follows the platform’s launch of a workplace pension solution last year

Hope William-Smith
clock 08 August 2022 • 1 min read
PASA launches guidance focused on pensions values

PASA launches guidance focused on pensions values

For administrators to help savers understand what they may receive from a pension benefit

Holly Roach
clock 01 August 2022 • 2 min read
Wealth Wizards launches master trust solution

Wealth Wizards launches master trust solution

'Turo’ solution is aimed at improving savers’ financial wellbeing

Hope William-Smith
clock 27 July 2022 • 1 min read
Trustpilot