Image:
Grady: “A priority for us is that we need the scheme being run for the benefit of members."
A new low-cost defined benefit (DB) scheme that allows member contributions to be as low as 0% should be considered by the Universities Superannuation Scheme (USS) to stop members opting out, the University and College Union (UCU) says.
Speaking at a media briefing last Friday (19 August) UCU general secretary Jo Grady said the union was continuing to push USS to funnel pension savers into a different form of DB model rather than ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
