An independent expert panel will be commissioned to review how the £6.1bn funding deficit figure for the Universities Superannuation Scheme (USS) was reached, Universities UK (UUK) has announced.
Various risks can have significant effects on DB scheme liabilities, but what should schemes prepare for? James Phillips reports on four investors' views on the biggest looming risks.
Universities UK (UUK) has come to an agreement with the University and College Union (UCU) over the future of the Universities Superannuation Scheme (USS), reducing entitlement but maintaining defined benefit (DB) accrual.
The £60bn Universities Superannuation Scheme (USS) has made a follow-on investment in Yorkshire Water inflation-linked notes, backed by inflation swap cash flows, to secure long-term returns.
An agreement has been reached between Universities UK (UUK) and the University and College Union (UCU) to more talks in an attempt to end strike action over controversial pensions changes.
Universities UK (UUK) has suggested a collective defined contribution (CDC) scheme could be a replacement for the defined benefit (DB) element of the Universities Superannuation Scheme (USS).
Universities are facing significant disruption after members of the University and College Union (UCU) voted for strike action over the planned closure of the Universities Superannuation Scheme (USS).
Henry Tapper says as the initial euphoria of 'never having to buy an annuity again' wears off, the prospect of freedoms becomes less appealing
All 6,000 UK schemes had a surplus of £358bn by the end of last month when calculated under a best estimate return on their assets, according to First Actuarial.
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.