USS may be able to cut contributions, enhance benefits – or both

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

By Tom Williams

25 July

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.

By Tom Williams

22 July

Hi-de-Hi finance: USS buys Butlin’s sites for £300 million

Academics’ pension fund adds famous holiday camps to growing portfolio of assets as it seeks to shore up finances post-pandemic

By Tom Williams

12 July

V-cs ‘seriously underestimated’ USS pension cuts, study claims

Those who earn less than £40,000 a year face losing about 30 per cent of the value of their pension, according to ‘first global analysis’

By Tom Williams

15 June

Reader's comments (4)

#1 Submitted by s.m.... on August 11, 2022 - 2:41pm

Members do not have any confidence in Bill Galvin.

#2 Submitted by ... on August 11, 2022 - 7:28pm

"While recent changes to the scheme were understandably very difficult, and contested, they put the scheme on a more resilient footing." -- Bill Galvin is lying to you here. It has been shown that the the impact of benefits cuts has been tiny (i.e. changing the deficit from 3.1% to 1.5%). In the same time the impact of those changes on actual pensions (of younger staff) is huge.

#3 Submitted by drraug on August 12, 2022 - 2:29pm

Bill Galvin is lying every time he speaks on the matter. As a scheme member, I do not have any trust left for him.

#4 Submitted by mburgh@... on August 14, 2022 - 10:12am

This man and the USS trustees have lost all credibility and legitimacy for speaking and acting in the interest of members. They are nothing but crooks.

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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USS posts ‘robust’ accounts but members lose faith over cuts

USS: review confirms improved finances but changes will have to wait

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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

Register to continue

Subscribe

Related articles

USS posts ‘robust’ accounts but members lose faith over cuts

USS: review confirms improved finances but changes will have to wait

Hi-de-Hi finance: USS buys Butlin’s sites for £300 million

V-cs ‘seriously underestimated’ USS pension cuts, study claims

Reader's comments (4)

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