Vice chancellors reject union proposals for USS

UCU says there is ‘no justification’ for pension cuts as the scheme deficit has shrunk

Hope William-Smith
clock • 2 min read
Employers have been paying 21.4% of pay since October 2021
Image:

Employers have been paying 21.4% of pay since October 2021

More than 98% of universities have this week confirmed they do not support the University and College Union’s (UCU) proposal to conclude the Universities Superannuation Scheme’s (USS) 2020 valuation.

Responding to the latest update yesterday (21 February) UCU general secretary Jo Grady again argued there "is no justification" for cuts to USS members' benefits given the USS deficit - around £14b...

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

Andy Burnham: 'Britain needs to show the world we can regain our stability'

Andy Burnham: 'Britain needs to show the world we can regain our stability'

Cabinet to be confirmed

Michael Nelson
clock 20 July 2026 • 2 min read
PMI calls for government to prioritise simplicity, stability and savers

PMI calls for government to prioritise simplicity, stability and savers

Burnham administration must provide system people can understand and trust

Jonathan Stapleton
clock 20 July 2026 • 1 min read
Updated: What Andy Burnham as prime minister could mean for pensions

Updated: What Andy Burnham as prime minister could mean for pensions

Appointment of new prime minister will result in a cabinet reshuffle and a possible new pensions minister

Holly Roach and Martin Richmond
clock 20 July 2026 • 4 min read
Trustpilot