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

Equities lead Q3 charge as DC defaults continue to deliver strong performance

Equities lead Q3 charge as DC defaults continue to deliver strong performance

Patterns highlight the value of diversified exposures across regions and asset classes

Jonathan Stapleton
clock 08 December 2025 • 3 min read
People's Pension launches retirement income planning tool

People's Pension launches retirement income planning tool

Tool will provide members with the option to have their income adjusted for inflation

Martin Richmond
clock 05 December 2025 • 3 min read
Government must address 'critical' CDC challenges

Government must address 'critical' CDC challenges

Industry bodies say retirement CDC model has lots of ‘moving parts’ which may act as a hindrance

Martin Richmond
clock 04 December 2025 • 6 min read
Trustpilot