University of Portsmouth to make 'drastic' changes to pension scheme for new members

New staff at the university will join ‘inferior’ DC plan from 1 August, UCU reveals

Jasmine Urquhart
clock • 3 min read
Portsmouth University plans to make changes to its pension offering for new staff
Image:

Portsmouth University plans to make changes to its pension offering for new staff

The University and College Union (UCU) has revealed new staff at the University of Portsmouth will be enrolled into a defined contribution (DC) plan instead of the existing defined benefit (DB) plans as of next week.

Under new plans, the university will employ new staff through a subsidiary company and offer them a DC plan instead of the Teachers' Pension Scheme (TPS) as well as being denied access to the Local...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Contribution

Guided retirement defaults risk excessive complexity for savers, IFoA research finds

Guided retirement defaults risk excessive complexity for savers, IFoA research finds

Latest research favours ‘flex and fix’ and R-CDC, not drawdown

Alex Levy
clock 23 September 2026 • 2 min read
Partner Insight: Good governance in an AI-enabled world

Partner Insight: Good governance in an AI-enabled world

Sharon Bellingham, Master Trust Lead, Scottish Widows
clock 23 September 2026 • 6 min read
Partner Insight: Closing the gap - why UK pension schemes can't afford to sit out private markets

Partner Insight: Closing the gap - why UK pension schemes can't afford to sit out private markets

As policy tailwinds strengthen the UK's private markets opportunity, Federated Hermes' private markets specialists explain why they believe pension schemes are still leaving returns on the table.

Federated Hermes
clock 23 September 2026 • 4 min read
Trustpilot