USS funding position remains 'encouraging'

Scheme says favourable market conditions may result in a higher scheme surplus

Martin Richmond
clock • 3 min read
Galvin: Improved funding position could be a platform on which to build greater resilience and stability into the future
Image:

Galvin: Improved funding position could be a platform on which to build greater resilience and stability into the future

The Universities Superannuation Scheme (USS) has stated its funding position looks “very encouraging” as it approaches its 2023 valuation.

In a statement yesterday (17 May), USS chief executive Bill Galvin said due to a reversal in falling gilt yields and equity prices remaining strong, there had been a significant improvement in its ...

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

Direction of travel for pensions industry becoming clearer, TPR says

Direction of travel for pensions industry becoming clearer, TPR says

Regulator’s CEO says industry can be ‘more confident’ about the future

Martin Richmond
clock 06 May 2026 • 2 min read
Bulk annuity deals positively impacting sponsor share prices, Aon finds

Bulk annuity deals positively impacting sponsor share prices, Aon finds

Over 80% of companies outperformed the FTSE 100 on the day of announcing a deal

Holly Roach
clock 06 May 2026 • 1 min read
Professional Pensions Live: Two weeks left to register

Professional Pensions Live: Two weeks left to register

Our flagship event will be held on 19 May at Convene, 155 Bishopsgate in London

Jonathan Stapleton
clock 06 May 2026 • 1 min read
Trustpilot