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...
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.