USS members set for refund on lost benefits in £900 million deal
Top-up to funds will reimburse university staff for money lost between April 2022 – when benefits were cut – and April 2024 – when they are set to be restored
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Vice-chancellors fear UK sector is hurtling into financial crisis
Almost no leaders in THE survey expect government to support a university in serious trouble, as domestic and international funding woes leave one v-c fearing ministers ‘want to drive us out of...
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USS chief executive gets £260K bonus ahead of departure
Bill Galvin receives overall pay packet of £790,000, one of 212 pension fund staff paid more than £100,000
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What next for UCU and Jo Grady after strike ballot failure?
With one dispute won but another floundering, some believe lack of strikes could actually benefit UK’s main academic union in latest talks with employers, but others are preparing to try to unseat...
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The USS’ tide has turned, but we must be careful no one is left stranded
Improving benefits and lowering contributions must not mitigate against the pension scheme’s ability to better ride out future storms, says Kate Barker
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USS hack response panned as members report suspicious activity
Lawyers consider bringing joint claim over breach, but pension fund says no evidence personal information stolen during Capita attack is circulating widely
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Commit to restoring ‘£7,000’ pension losses now, say USS members
Major governance reform ‘desperately needed’ despite improving financial health of UK’s biggest higher education scheme
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USS pension costs tip universities into multibillion-pound losses
Rising Universities Superannuation Scheme provisions mean three-quarters of institutions report deficits, with losses totalling £3.6 billion
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TPS: universities seek respite from £125 million pensions bill
Coming changes to UK higher education’s second biggest pension scheme will add millions to costs at exactly the wrong time, leaders say
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UK universities avoid more strikes as UCU ballot over pay fails
Union misses 50 per cent threshold for first time since holding sector-wide votes, leaving future of dispute in the balance
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USS warns members’ data may have been stolen by Capita hackers
Outsourcing firm used by UK’s largest academic pensions scheme targeted in cyberattack
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Rosier outlook for UK sector finances with pension changes excluded
‘Reassuring’ analysis reveals that sector is in surplus when pension provision changes are excluded from financial accounts
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UK deficits at record levels ‘due to pension schemes’
Only two of the 24 members of the Russell Group recorded a surplus for the 2021-22 academic year, Hesa figures show
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Strikes paused after breakthroughs in pay and pensions disputes
All sides hail significant progress, with phasing-out of zero-hours contracts and higher wages for lower paid to be discussed in two-week talks
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USS whistleblower sacked from pension fund board ‘unlawfully’
Jane Hutton tells tribunal that months of her concerns being rebuffed forced her to become a whistleblower and disclose information to outside sources