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Largest private-sector retirement scheme, with fund of £90bn, tells regulator of ‘deep misgivings’ over proposals
USS and Border to Coast’s plan follows companies backtracking on emissions targets
UCU threatens to ‘bring entire sector to a standstill’ after securing landmark mandate
Universities including Oxford, Cambridge and Imperial College advised £90bn USS of ‘significant risks’
College staff condemn payment to Universities Superannuation Scheme boss after facing retirement benefits cuts
Younger workers could lose up to £200,000 under benefits changes introduced in April, analysis shows
Union insists cuts to benefits imposed in April can be reversed but employers stand firm
Head of universities sector scheme suggests changes that led to widespread strike action might be adjusted
Staff who kept universities afloat during the pandemic deserve dignity in work and retirement
Largest private scheme by assets plans to invest £500mn in new decarbonisation strategy
It is a fallacy to suppose that a fund could be insured against the direst outcomes
Move also seeks to speed up the Universities Superannuation Scheme’s efforts to divest from fossil fuel companies
Move follows vote by committee to back proposals to cut funding shortfall in main retirement scheme
Misguided policies threaten the security in retirement of almost everyone working in the UK private sector
Union accuses fund of ‘failing to come clean’ over impact on defined benefit schemes
But plan draws criticism from academics seeking swift exit from fossil fuels
Measures are employers’ response to shortfall in funding rising from £3.6bn to £18bn in 2 years
Concerns raised after sector’s main retirement fund estimated shortfall of up to £18bn
Shortfall in superannuation scheme jumps to an estimate of more than £14bn
London-focused telecoms company wins backing from Universities Superannuation Scheme
Retirement scheme deficit jumps from £3bn to £18bn in two years
Defined benefits schemes under increasing pressure from low rates and market turbulence
Shortfall at largest private-sector pension fund more than doubles after market turbulence
Universities Superannuation Scheme, worth £75bn, bows to pressure for ESG policy changes
GPIF, Calstrs and USS warn of potential ‘catastrophic’ risk of sole focus on short-term returns
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