Tag: Universities Superannuation Scheme
UK’s largest private pension opens £17 billion portfolio to 85,000 defined contribution members.
Brexit woes, global economic uncertainty amid fund’s top concerns.
Universities Minister Gyimah calls on UUK, UCU ‘get back to the negotiating table, without preconditions.’
Strikes began Thursday over plans to remove defined benefit element from university employees’ pensions.
Union calls for strike over proposal to move participants into defined contribution plans.
Plan spurs call for strikes at major universities, including Oxford and Cambridge.
However, liabilities outpaced investments, increasing the fund’s deficit.