University pension warning as USS deficit grows
Staff contributions will need to increase by a third to clear a multi-billion pound deficit in the sector’s main pension fund, a new analysis says.
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Union clashes with managers on turnout as USS strikes resume
UCU claims ‘huge’ support but employers’ association reports ‘low levels’ of disruption
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There is no silver bullet in the UK’s pension dispute
The latest USS valuation may have been conducted amid crashing markets, but there is no escaping the need for changes, says Kate Barker
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USS’ straw man
In his article “USS strike: we can’t ignore reality of our deficit, says pensions boss” (Opinion, 19 March, www.timeshighereducation.com), Bill Galvin, the chief executive of the Universities...
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USS chief executive Bill Galvin to step down next year
Head of UK higher education’s biggest pension scheme to depart once successor is appointed
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The Charybdis at the centre of the USS
As others have pointed out in these pages, recent reporting on the health of the Universities Superannuation Scheme pension fund has been alarmist and misleading (“Estimates may vary”, Letters, 10...
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Is there really a black hole in the USS? It depends on your assumptions
Amid another round of strikes, the pension scheme chair’s assertion that changes are unavoidable cannot stand unchallenged, says Neil Davies
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Pensions: Universities Superannuation Scheme now reports surplus
Biggest sector fund believes it is ?1.8 billion in the black, after fears of multibillion-pound deficits led to cuts to benefits
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Rosier outlook for UK sector finances with pension changes excluded
‘Reassuring’ analysis reveals that sector is in surplus when pension provision changes are excluded from financial accounts
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UK deficits at record levels ‘due to pension schemes’
Only two of the 24 members of the Russell Group recorded a surplus for the 2021-22 academic year, Hesa figures show
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How solemn is the USS’ league of?covenanters?
Members of the Universities Superannuation Scheme are about to vote on whether to lock in current members. But this might not be enough to safeguard the scheme’s solvency, says Bernard Casey
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USS may be able to cut contributions, enhance benefits – or both
But rising inflation means that the pension scheme’s recently reported funding position is likely to be over-optimistic, says Bill Galvin
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Don’t be pound foolish over pensions
UK academics prize the USS pension. Sacrificing a scheme ‘in rude health’ on the basis of overcautious calculations would cause more disaffection
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USS posts ‘robust’ accounts but members lose faith over cuts
Only 17?per cent of those enrolled in UK’s largest higher education pension scheme reported positive relationship after changes to?retirement benefits
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USS: review confirms improved finances but changes will have to wait
In-depth look at scheme’s finances confirms deficit has shrunk since last valuation but ‘volatile market’ means benefits cannot be improved, yet.