All Universities Superannuation Scheme (USS) articles – Page 3
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NewsDB goliaths call for AVCs stronger nudge exemption
Seven defined benefit schemes with £217bn in assets have asked for Work and Pensions committee intervention due to concerns regarding ‘stronger nudge’ requirements, which they believe are not fit for purpose.
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NewsPensions engagement campaign to launch this autumn
On the go: The first iteration of a new pensions engagement campaign created by the Association of British Insurers and the Pensions and Lifetime Savings Association will run from September to November.
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NewsEmployers call for UCU backing over USS governance review
On the go: Universities UK, the group representing 340 Universities Superannuation Scheme employers, has called for the backing of the University and College Union over the scheme's governance review.
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NewsSchemes start to gather learnings from first TCFD reports
As the first group of UK schemes have completed their Task Force on Climate-related Financial Disclosures reports, they have been challenged by the long process, incomplete and inconsistent data, and lack of mandatory reporting from fund managers.
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NewsUSS launches £1bn asset-backed securities push
On the go: The £90bn Universities Superannuation Scheme has launched an in-house mandate to invest in asset-backed securities.
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NewsAcademics reject USS Employers’ 12% pensions cut forecast
On the go: A group of academics have attempted to refute Universities UK’s claim that staff in the £90bn Universities Superannuation Scheme earning less than £40,000 annually would receive a “headline” cut of 12 per cent to their future pension, pointing out to higher losses.
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NewsICO in talks with TPR over member communications
On the go: The Information Commissioner’s Office is engaging with the Pensions Regulator to clarify the current rules involving member communications, as schemes and providers believe existing legislation prevents them from reaching out to these individuals.
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NewsSoas demands new USS valuation and inequality assessments
On the go: Soas University of London and its union branch have jointly called for “an evidence-based, moderately prudent valuation as soon as possible” of the £88.8bn Universities Superannuation Scheme.
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NewsUSS plans funding review as deficit drops to £1.6bn
The £88.8bn Universities Superannuation Scheme has teased the possibility of increasing benefits and cutting contributions, after its latest review revealed a markedly improved funding position.
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NewsCofE convenes climate transition group, Clara pledges net zero
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a coalition of UK pension funds joining forces to support climate transition in emerging markets, and a net zero pledge from Clara-Pensions.
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NewsLoughborough Uni and UCU warn USS against reducing contributions
On the go: Positive changes resulting from the next valuation of the Universities Superannuation Scheme should be used to improve member benefits, Loughborough University and the University and College Union have argued.
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NewsUCU agrees marking boycott in latest USS escalation
On the go: Staff at 26 universities will take part in a marking boycott and strike action following the latest escalation of the ongoing Universities Superannuation Scheme pensions dispute.
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NewsNew strike mandate at universities over USS pensions row
On the go: Staff at 27 universities have a mandate to take strike action over pensions that will last until October 2022, after the University and College Union secured the support of its members.
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NewsSchemes and providers team up to push pensions engagement
On the go: Around 15 pension providers and schemes representing approximately 41.5mn savers and customers have committed to support a campaign to encourage engagement with pensions.
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NewsUSS trustee concerned by ‘misleading’ use of financial reports
On the go: The Universities Superannuation Scheme trustee has issued an update on scheme finances, and expressed its concern that previous use of monitoring statements by parties involved in the ongoing 2020 valuation dispute could be “misleading” members about the true state of the scheme.
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NewsAnother wave of strikes begins as USS valuation row escalates
On the go: Staff at 40 universities have begun the next round of industrial action over the controversial conclusion of the Universities Superannuation Scheme’s 2020 consultation.
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NewsUSS discourages use of alternative benefits modellers
On the go: The Universities Superannuation Scheme has discouraged members from using alternative benefits modellers to work out how they will fare following the conclusion of the scheme’s 2020 valuation, warning that they operate on very different assumptions to those agreed by employers and the trustee.
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NewsUCU to ballot members on new strikes over employers’ USS deal
On the go: The University and College Union has announced new industrial action ballots at 149 universities, which will open on March 16 and run until April 8, as the row over the resolution of the Universities Superannuation Scheme’s 2020 valuation escalates.
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OpinionCoriolanus, war and the Universities Superannuation Scheme
Shoosmiths’ partner Paul Carney examines how Shakespeare’s Coriolanus can explain the current testing times in Europe and how it shines a light on the Universities Superannuation Scheme debacle.
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NewsUCU threatens yet more strikes over employers’ USS deal
On the go: The University and College Union has threatened yet more industrial action, including a marking and assessment boycott, as the row over the resolution of the Universities Superannuation Scheme’s 2020 consultation escalates.