Oxbridge v-cs and unions call for ‘urgent’ pensions redesign

I am not surprised that the rich universities are calling for a redesign. Under the current scheme design, all member institutions are jointly responsible for the liabilities. The rich universities are more on the hook for making up the deficit or for the failures of any universities and have to pick up more than their 'fair' share. Trinity College in Cambridge with its £1bn+ endowment has already exited the USS. Making up their share of the £15-18bn USS deficit would decimate Oxford and Cambridge's endowments.

One is not surprised; i do really question how good our USS investment strategy is, when even with covid and Brexit, our FTSE still manages to stay above 7000. What have we had our money invested in?