All Universities Superannuation Scheme (USS) articles – Page 5
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NewsUSS points members to LifeSight master trust for drawdown services
On the go: The trustee of Universities Superannuation Scheme has decided to signpost its members to LifeSight – Willis Towers Watson’s defined contribution master trust – for drawdown provision.
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FeaturesCould CDC solve the USS crisis?
Collective defined contribution has been touted as a possible long-term solution to the problems of the Universities Superannuation Scheme, but experts and unions are not convinced of its suitability.
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NewsUCU demands a new USS valuation
On the go: The University and College Union has published a list of demands of Universities UK, the group representing 340 Universities Superannuation Scheme employers, which it says must be met if strike action this winter is to be avoided.
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NewsUUK tries to dispel valuation myths as UCU presses on with strike action
Universities UK, the group representing 340 Universities Superannuation Scheme employers, has argued that the rate increases facing USS members would not be alleviated by a new valuation, countering claims made by the University and College Union.
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NewsUCU members back strike action over USS pension cuts
University and College Union members have backed industrial action over cuts proposed by the Universities Superannuation Scheme trustee and Universities UK, the group representing 340 USS employers.
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NewsUSS says High Court challenge has ‘no merit’
On the go: The Universities Superannuation Scheme has said that a wide-ranging legal challenge recently brought to the High Court by university academics has “absolutely no merit”.
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NewsUCU considers legal action against USS and calls for valuation pause
The University and College Union’s general secretary has written to the Universities Superannuation Scheme’s chief executive outlining the potential for legal action against the scheme’s trustees and has called for a pause in the 2020 valuation process.
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NewsUSS directors sued over climate inaction and breaches of duty
Two university lecturers, backed by a number of branches of the University and College Union, have filed a wide-ranging legal action against the directors of the Universities Superannuation Scheme, accusing them of multiple failings with respect to the controversial 2020 valuation, and of inaction around climate change commitments.
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NewsEmployers hit back at benefit cut claims as USS strike action looms
On the go: Universities UK, the group representing 340 Universities Superannuation Scheme employers, has hit back at claims from University and College Union that a reform package agreed with the USS trustee will lead to members suffering benefits reductions of 35 per cent.
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NewsUSS employers call for union co-operation ahead of strike ballot
Universities UK, the group representing 340 Universities Superannuation Scheme employers, has called on trade unions to co-operate with it as it bids to reform the embattled pension scheme.
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NewsUSS sponsor claims members will be ‘priced out’ without reform
On the go: Universities UK, the group representing 340 Universities Superannuation Scheme employers, has warned that USS members will be priced out of the scheme if the union’s threats of strike action derail reform proposals.
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NewsStrike ballot set for October in ongoing USS row
On the go: The University and College Union has announced it will ballot staff over strike action in October following a breakdown in negotiations over the Universities Superannuation Scheme’s controversial 2020 valuation.
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NewsUSS invests £75m in housing finance
On the go: The £80.6bn Universities Superannuation Scheme has made an investment in residential housing finance via specialist lender Pluto Finance.
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NewsUSS pushes ahead with reform proposals despite strike threat
The Universities Superannuation Scheme trustee is to push ahead with a reform package agreed by USS employers, despite threats of strike action from the University and College Union.
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NewsOne-third of applicants declined in UK Stewardship Code revamp
On the go: More than 60 applicants to the revamped UK Stewardship Code did not make the final list of companies complying with high standards of stewardship for those investing money on behalf of UK savers and pensioners.
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NewsStrike action ‘inevitable’ after employers agree USS reforms
The University and College Union is to ballot its members over industrial action, branding strikes “inevitable” after employers agreed to press ahead with reforms of the Universities Superannuation Scheme.
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News
Deficit woes deepen as shortfall continues to plague USS
The deficit of the Universities Superannuation Scheme now exceeds £15bn as an increase in assets was outweighed by rising liabilities, in a year the pension fund’s portfolio performed below its benchmark for the first time since 2013.
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NewsUSS invests in climate fund, Aegon’s ESG assets top £10bn
ESG Spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Universities Superannuation Scheme investing in a climate fund, Aegon strengthening its commitments to make default funds net-zero and banks calling for support of a new sustainable infrastructure label.
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NewsUSS employers pledge greater covenant support
Universities UK, the group representing 340 Universities Superannuation Scheme employers, has pledged additional covenant support to the pension scheme, in a move it said will spare its members the crippling contribution rate rises announced following the scheme’s 2020 valuation.
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NewsUSS board member resigns after scheme valuation fallout
On the go: Ian Maybury, director at the trustee board of the Universities Superannuation Scheme, has resigned from his post after a disagreement on the pension fund’s latest actuarial valuation.