The University and College Union has today started industrial action over changes to the Universities Superannuation Scheme. Here's a plotted history.
July 2009: USS first floats the idea of altering employee benefits after its funding level plummets 29 percentage points due to an increase in salaries and pensions. May 2010: The seeds of discontent...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.