The Universities Superannuation Scheme is nearly £3bn in deficit after its latest triennial valuation revealed the fund had plunged from a surplus of £707m since 2008.
The universities scheme is now officially 92% funded, down from 103% funded when it undertook its last valuation, with assets of £32.4bn against liabilities of £35.3bn - leaving a £2.9bn shortfall on the...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter