The USS pension scheme
Helping you navigate the uniquely complex system of the Universities Superannuation Scheme
It dominates the University Sector, with almost every higher education institution in the UK participating in USS pension scheme to some extent.
With over 40 years of history, USS is a uniquely complex superannuation pension scheme, with in-house investment management and actuarial teams and several hundred full-time staff.
In recent years, however, as pension costs increase and university finances are challenged as never before, the costs of maintaining pension provision through USS have come under ever greater scrutiny. The 2017 and 2018 valuations have been controversial and contentious and higher education institutions are under increasing pressure to manage costs and reduce risk while maintaining a good level of benefits for staff.
The options for organisations with exposure to USS can be limited, but we have worked with a number of institutions to manage their costs and rationalise their pension provision, as well as providing independent context and explanation around the situation with the USS.
For example, we have:
Get in touch with our team to find out how we can support you.
If you want to find out more about USS, check out our latest blog post, where Paul Hamilton explores the recent consultation by the Universities Superannuation Scheme about monitoring employer debt. This has generated quite a lot of discussion with both USS employers and trustees of other university defined benefit schemes.Find out more