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

DCIF – A red light warning for the VfM framework

DCIF – A red light warning for the VfM framework

Louise Farrand says there is a real risk that the VfM system will deliver average outcomes

Louise Farrand
clock 14 May 2026 • 3 min read
People's Pension launches annuity guidance service for members

People's Pension launches annuity guidance service for members

Service offers enhanced support to members over 55 years old considering an annuity

Jonathan Stapleton
clock 13 May 2026 • 3 min read
DC Conference Manchester: Register now!

DC Conference Manchester: Register now!

The DC event is being held at Manchester on 16 September

Jonathan Stapleton
clock 12 May 2026 • 1 min read
Trustpilot