University update - pension benefit design

Published by Nick Griggs on

These are uncertain times for universities sponsoring defined benefit (DB) pension provision.

Issues include ongoing negotiations on the benefits provided by the Universities Superannuation Scheme, the abolition of contracting-out, and ever-rising costs contributing heavily to the need to consider possible changes to their Self Administered Trusts.

There are many potential options to consider.

The following note sets out some of the key factors along with our thoughts on the possibilities available.