USS
USS future talk dates with UCU and UUK confirmed
Five dates in January have been set for meetings to look at reforming the Universities Superannuation Scheme (USS) with the Universities and College Union (UCU) and Universities UK (UUK).
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.
Ten schemes publicly back Cost Transparency Initiative
Ten pension schemes representing over 19 million members and more than £150bn in assets under management have written a joint public letter endorsing the Cost Transparency Initiative (CTI).
USS strike edging closer following pensions dispute
The University and College Union (UCU) has rejected a call from university employers that would have forced the union to ban strike ballots over pensions for two years.
UCU threatens fresh strike action over USS
Universities across the country are on alert for fresh strike action as the University and College Union (UCU) prepares to ballot members.
Five stories you may have missed this week
This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.
USS receives master trust authorisation as BCF Pension Trust applies
The Universities Superannuation Scheme's (USS) defined contribution master trust - USS Investment Builder - has received master trust authorisation from The Pensions Regulator (TPR).
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.
USS makes offer to acquire IT company
The Universities Superannuation Scheme (USS) has made an offer to acquire 100% of Hull-based IT and communications solutions provider KCOM Group.
USS to hold new scheme valuation; No changes to cost-sharing arrangement
The Universities Superannuation Scheme (USS) will carry out a new actuarial valuation of its funding position, as at March 2018.
Cost Transparency Initiative launches as disclosure templates revealed
An industry group has been launched to implement, promote and encourage the use of five cost disclosure templates developed earlier this year.
Nine-tenths of pension fund assets exposed to global warming
The 100 largest global pension funds are widely ignoring climate-related risks despite recent warnings by UN scientists, the Asset Owners Disclosure Project (AODP) says.
Three UK pension funds lagging behind European peers on climate change
The Universities Superannuation scheme (USS), Railways Pension Scheme (RPS), and Electricity Supply Pension Scheme (ESPS) are "at risk of breaching their fiduciary responsibilities", according to an Asset Owners Disclosure Project (AODP) report.
DB surplus hits record high of £382bn on best estimate basis, says First Actuarial
The UK's 5,588 defined benefit (DB) schemes had a combined surplus of £382bn at the end of June, according to First Actuarial's best estimate index (FABI).
Five stories you may have missed this week
This week's top stories include House of Fraser's defined benefit scheme becoming 'kingmaker' in the retailer's restructuring plans, and the need for a pool of 'super trustees' at The Pensions Regulator.
UUK appoints three to USS joint expert panel
Universities UK (UUK) has appointed Ronnie Bowie, Sally Bridgeland and Chris Curry to the Universities Superannuation Scheme's (USS) joint expert panel, to examine the valuation of the USS.
Segars named chairwoman of USS and UUK joint expert panel
University College Union (UCU) and Universities UK have appointed Joanne Segars to chair the joint expert panel to examine the valuation of the Universities Superannuation Scheme (USS).
Unison members 'narrowly' accept USS offer
Just over half (52%) of Unison members voted to accept a pledge to keep defined benefit provision in the Universities Superannuation Scheme (USS) until at least April 2019 in an "above-average" turn-out.
Have your say: Who should pay if contributions are increased for USS?
In this week's Pensions Buzz survey, we want to know whether members or employers should bear more of the cost if contributions are raised in the Universities Superannuation Scheme if it remains open to future 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.
University staff set to strike after pension talks fail
A month of strikes are due to hit 64 universities from tomorrow over major reforms to the Universities Superannuation Scheme (USS).
Deadline for talks on USS reform extended to next year
Negotiations on the future of pensions for university staff have been extended until 23 January 2018.
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