A lecturer starting work today could be £208,000 worse off over the course of their retirement if Universities Superannuation Scheme (USS) proposals take effect.
In a report prepared for University College Union (UCU) by First Actuarial, it was also revealed that lecturers who worked in post-1992 universities, or polytechnics, could miss out on as much as £385,000...
This week's top stories included proposed draft regulations in a no-deal Brexit which would make scheme investments illegal, and Esther McVey's resignation as secretary of state.
There have been a total of 15 ministers responsible for pensions since 1997. Here is the list in full.
Pension Buzz respondents have disputed Lord Myners' arguments that asset owners, including pension funds, are substantially to blame for short-termism in business.