USS deficit drops to £1.5bn; CEO takes home £100k bonus

Strong investment performance has seen the embattled scheme’s £14bn deficit shrink

Hope William-Smith
clock • 3 min read
Barker: “For the first time in some years, recent data indicate we could be on track to achieving a more robust funding position."
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Barker: “For the first time in some years, recent data indicate we could be on track to achieving a more robust funding position."

Strong investment performance during the Covid pandemic has helped the Universities Superannuation Scheme (USS) shrink its deficit down from £14bn to £1.5bn during 2021/22.

The scheme's annual reports and accounts, published yesterday (25 July), show its deficit stood at £1.5bn on 31 March 2022 - two years on from it recording the mega deficit that has led to the ongo...

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