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University pension schemes are marking their own homework – and students will pay the price
The Universities Superannuation Scheme (USS) says it is now well-funded enough to continue to pay generous pensions. But in reality, if it is just kicking its problems down the road, it is students who will ultimately suffer. USS is the UK’s largest private sector pension scheme with £73bn assets.
University pensions are based on made up maths – and students will pay the price The Universities Superannuation Scheme (USS) says it is now well-funded enough to continue to pay generous pensions. But in reality it is kicking its problems down the road – and it is the students who will ultimately suffer. USS is the UK’s largest private sector pension scheme. With £73bn assets it covers around 70 ‘old’ universities and 300 smaller institutions.
Air traffic chaos and Thames Water woes put heat on pensions giant The Universities Superannuation Scheme (USS) is the second-largest shareholder in both Thames, the troubled water company, and Nats. The problems at the monopoly utilities have raised questions for policymakers and investors about the ‘trade-off’ between financial returns and operating resilience.
Big Thames Water investor backs turnaround plans Universities Superannuation Scheme (USS), a major investor in the water firm, is the first to publicly support it as it looks to secure extra funding.USS said the firm "could benefit" from having it among its shareholders.
Big Thames Water investor backs turnaround plans Universities Superannuation Scheme (USS), a major investor in the water firm, is the first to publicly support it as it looks to secure extra funding.USS said the firm "could benefit" from having it among its shareholders.
University pension scheme braced for wipeout of biggest investment if Thames Water collapses Universities Superannuation Scheme (USS) increased its stake in Thames Water just 18 months ago, hailing the company’s performance under then boss Sarah Bentley. USS acquired an additional 8.77pc of Thames Water from Wren House, the infrastructure investment arm of the Kuwait Investment Authority.
Whitehall prepares for water nationalisations as Thames teeters on the brink Government is preparing to put the company into special administration. Universities Superannuation Scheme (USS), Britain's biggest pension fund and Thames Water’s only UK shareholder, is supportive of injecting fresh money.
Shell faces investor rebellion over plans to scale back net zero ambitions The Universities Superannuation Scheme (USS) said it will vote against the re-election of Sir Andrew Mackenzie as chairman. The pension fund holds less than 0.1pc of Shell’s shares, according to Bloomberg data. It comes amid claims that the oil and gas producer has backtracked on its net zero commitments.
New office-bearers of Utkal Sanskrutika Samaj elected in Visakhapatnam The annual general body meeting of Utkal Sanskrutika Samaj (USS), a socio-cultural organisation of Odias in Visakhapatnam, was held in its premises here on Sunday. The USS elected J.K. Nayak as president.
New office-bearers of Utkal Sanskrutika Samaj elected in Visakhapatnam The annual general body meeting of Utkal Sanskrutika Samaj (USS) was held in its premises here on Sunday. The USS elected J.K. Nayak as president, Karunakar Padhi and S.B. Bhuyan as vice-presidents and Bimal Mahanta as secretary.
Pension fund fear after Capita hack Nearly half a million members of the UK’s largest private sector pension scheme have been warned they may have had their data stolen. The Universities Superannuation Scheme (USS) said that details were held on Capita servers that were accessed by hackers in March.
Millions of pension savers’ personal data targeted in Capita hack Data stolen from the USS included pensioners’ names, dates of birth, and National Insurance numbers among other details. Capita told investors earlier this month that it was setting aside between £15m and £20m to cover costs.
Focus on your savers instead of net zero, critics tell BP pension funds Leading UK pension funds including USS and Nest are to vote against the re-election of Helge Lund, BP’s chairman. Critics said the fund managers should instead be focusing on maximising returns for investors, with oil and gas currently highly profitable.
Focus on your savers instead of net zero, critics tell BP pension funds Leading UK pension funds including USS and Nest are to vote against the re-election of Helge Lund, BP’s chairman. Critics said the fund managers should instead be focusing on maximising returns for investors.
U.S. Navy says guided-missile destroyer conducted navigational rights mission in South China Sea The U.S. Navy said its USS guided-missile destroyer Milius asserted a navigational rights and freedoms mission in the South China Sea on April 10. The announcement came as China's military simulated precision strikes against Taiwan around the island.
Collecting shed antlers still illegal through end of April Possible fee increase for the CORSAR cards. A resource bank for gun violence will soon be available in Colorado. A Utah City Is Ranked Among The Rudest Cities In The USS.
UK pension funds target BP and Shell directors over climate goals- FT UK's Universities Superannuation Scheme (USS) and Borders to Coast will vote against the renewal of top directors at BP and Shell. USS: "We'll do this where a company hasn't disclosed its climate transition plan, doesn't meet our diversity expectations, or where executive pay doesn't align"
UK pension funds threaten to vote against BP and Shell... UK pension funds threaten to vote against BP and Shell directors over climate targets. Plan by Britain's Universities Superannuation Scheme (USS) and Borders to Coast.
Bond rout's £20bn hit to top UK pension fund Value of Britain's biggest pension fund plunges by £20bn, more than a fifth of its entire value, after turmoil in financial markets pummelled its investments. Universities Superannuation Scheme (USS) looks after pensions of 460,000 higher education workers, past and present.
‘No decision as of now’: Law Minister Kiren Rijiju on implementation of Uniform Civil Code Union Law Minister Kiren Rijiju said the Centre had requested the 21st Law Commission of India to undertake examination of various issues relating to UCC. Several BJP-ruled states, including Uttar Pradesh and Assam, have backed USS and are also contemplating implementing it.
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