The Universities Superannuation Scheme (USS) will carry out a new actuarial valuation of its funding position, as at March 2018.
The announcement - published yesterday (22 November) - said the scheme will consult the employers' representative, Universities UK (UUK), on updated funding assumptions over December and January. USS...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.