The USS pension fund reported yesterday that is now running a £16.9bn surplus, so is now 127% funded (assets vs liabilities). Not so many years ago, University leaders were telling us that a defined benefit pension was totally unsustainable and must be scrapped. www.uss.co.uk/news-and-vie...
Latest valuation finds USS is in a very strong position
USS’s funding position has continued to improve since its last valuation in 2023, which showed a surplus after more than a decade of reporting deficits.
uss.co.uk