Younger USS staff to lose up to £200,000 in retirement

University and College Union cites ‘damning evidence’ published this week

Hope William-Smith
clock • 2 min read
University of Cornell
Image:

University of Cornell

Global losses across current Universities Superannuation Scheme (USS) scheme members will be £16bn-£18bn with those under 40 to between £100,000 and £200,000 each in retirement, research shows.

Research published this week in a University of Cornell journal by University and College Union (UCU) USS negotiator Jackie Grant claims the impact of cuts to the scheme will see 196,000 university...

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

Hope William-Smith
Author spotlight

Hope William-Smith

Editor at Professional Adviser

View profile
More from Hope William-Smith

Chair of The Pensions Ombudsman Caroline Rookes dies

DC pension holders now waiting an average of 29 days for transfers

More on Defined Benefit

'Rock solid' governance 'critical' as DB endgame choices grow
Defined Benefit

'Rock solid' governance 'critical' as DB endgame choices grow

Panel says it is ‘essential’ for schemes to have a ‘transparent’ relationship with their sponsor

Martin Richmond
Martin Richmond
clock 14 October 2026 • 3 min read
Aggregate DB surplus rises to £280.7bn in September
Defined Benefit

Aggregate DB surplus rises to £280.7bn in September

PPF says funding positions strengthened as liabilities fell faster than assets during the month

Jonathan Stapleton
Jonathan Stapleton
clock 13 October 2026 • 1 min read
DB pension surpluses are back on the agenda
Defined Benefit

DB pension surpluses are back on the agenda

David Brooks looks at the arguments on how best to use pension surpluses

David Brooks
clock 14 September 2026 • 3 min read
Trustpilot