Universities UK
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
The Universities Superannuation Scheme (USS) trustee board has warned investment returns will be lower in the future than expected as it edges closer to concluding its 2020 valuation.
USS launches 2020 valuation consultation; Universities and staff face vast hike in annual pension costs
The Universities Superannuation Scheme (USS) has launched a consultation on its 2020 valuation and ‘technical provisions’ laying out options to reduce its expanding deficit.
USS flags scheme valuation methodology changes
Universities Superannuation Scheme (USS) will continue its discussions over whether a pre-and post-retirement dual discount rate approach could help plug serious funding concerns for its defined benefit (DB) section.
Largest ever university strikes over pay and pensions to begin tomorrow
Universities and College Union (UCU) members are set to begin 14 days of strike action in the largest wave of staff strikes ever seen on UK campuses.
Universities set for further USS strike action
The University and College Union (UCU) has announced a further 14 days of strike action at 74 UK universities in a continuing dispute about pensions and pay.
USS to convene more talks in new year
Universities Superannuation Scheme (USS) will hold further discussions in the new year to agree on how to proceed with the scheme.
USS joint panel dual discount rate proposal 'broadly aligns' with TPR views
The Universities Superannuation Scheme (USS) Joint Expert Panel’s (JEP) proposals for future valuations have received broad support as a way protecting the long-term interests of its members.
USS 'pushing regulator limits' as it submits 2018 valuation
The Universities Superannuation Scheme (USS) is expected to submit its 2018 valuation to The Pensions Regulator in the coming days, despite admitting it is “pushing their limits” in terms of acceptable risk.
USS outlines three options for fresh 2018 valuation
The trustees of the Universities Superannuation Scheme (USS) have set out three potential funding arrangements as the £64bn defined benefit (DB) section of the plan seeks to agree a 2018 valuation.
Teachers' scheme gets £940m funding boost but universities miss out
The Teachers' Pension Scheme (TPS) will be given £940m of government funding in an aim to ensure it remains "among the most generous in the country".
New USS valuation reports 52% fall in deficit
The Universities Superannuation Scheme (USS) saw its deficit fall by £3.9bn on a technical provisions basis over a one-year period, its latest valuation reveals.
USS warned of 'pernicious consequences' of accepting joint expert panel review
The Universities Superannuation Scheme (USS) is being pressed to ignore advice from a joint expert panel, which would store up problems with "pernicious consequences" for the higher education sector.
USS joint expert panel recommends risk review and reduced contributions
Too much weight was placed on a test determining the manageable distance to self-sufficiency within 20 years for the Universities Superannuation Scheme (USS), a joint expert panel has concluded.
USS proposes increasing contributions by 41% as talks continue
The trustees of the Universities Superannuation Scheme (USS) have proposed raising total contributions by 41% by April 2020.
University staff accept USS offer, ending strikes
Staff at universities across the country are to end strike action after accepting the latest offer on the Universities Superannuation Scheme (USS).
Academics to vote on USS proposals
Members of the University and College Union (UCU) are to be balloted on the latest Universities Superannuation Scheme (USS) offer, the trade union has announced.
USS seeks valuation delay while independent panel convenes
Members of the Universities Superannuation Scheme (USS) have been sent a revised offer pledging to maintain current benefits alongside existing contribution levels until April next year.
Five stories you may have missed this week
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.
UUK confirms setup of independent panel to review USS valuation
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.
USS epic continues after UCU rejects proposed reforms
Strike action is set to continue at universities across the country after the University and College Union (UCU) rejected a negotiated deal to reform the Universities Superannuation Scheme (USS).
USS agreement reached but members call for 'no capitulation'
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.
UUK agrees to further talks to end strike over USS pension reforms
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.
UUK joins CDC bandwagon as it sets out possible USS replacements
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).
