News
Workers Strike at 60 UK Universities Over Pensions, Pay
Union members balk at decision to raise employee contributions to 9.6% of salary.
Tag: Universities Superannuation Scheme
UK Universities Superannuation Scheme Underperforms in Fiscal Year
Brexit woes, global economic uncertainty amid fund’s top concerns.
Corporate Moves
UK’s Largest DB Plan Gets New CEO/CIO
Ex-M&G Prudential head Simon Pilcher will take over the UK’s Universities Superannuation Scheme from Roger Gray.
Asset Management Culture
CIO of UK’s Biggest Pension Plan to Exit
Roger Gray, who nearly tripled the Universities Superannuation Scheme’s assets over 10 years, will leave in September.
Lib Dem Leader Demands UK Government Take Action on Universities Pension Strike
Universities Minister Gyimah calls on UUK, UCU ‘get back to the negotiating table, without preconditions.’
Over 1 Million UK Students Will Be Affected by Pensions Strikes
Strikes began Thursday over plans to remove defined benefit element from university employees’ pensions.
Newsmakers
Top UK University Union Members to Strike over Pension Changes
Average professor could lose over $200k in benefits under new plan.
UK University Employees to Vote on Strike over Pension Changes
Union calls for strike over proposal to move participants into defined contribution plans.
Newsmakers
UK Higher Ed Employers Propose Switching USS Fund to DC from DB
Plan spurs call for strikes at major universities, including Oxford and Cambridge.
Universities Superannuation Pension Reports 20.1% Return
However, liabilities outpaced investments, increasing the fund’s deficit.