Higher education pensions
Unhappiness over guidance on rearranging classes affected by industrial action may force a rethink
Amid another round of strikes, the pension scheme chair’s assertion that changes are unavoidable cannot stand unchallenged, says Neil Davies
Undergraduates and postgraduates express sympathy for lecturers who have also struggled with shift online during pandemic
Intellectual property rights are likely to rest with lecturers despite university ownership claims, say legal experts
The latest USS valuation may have been conducted amid crashing markets, but there is no escaping the need for changes, says Kate Barker
UCU to reballot 42 branches that narrowly missed turnout threshold
Staff at 58 universities set to walk out
University and College Union general secretary says sector leaders who focused on turnout were ‘not listening to a consistent message that staff have been delivering to them’
Experts say exhaustion and worry over disruption to students hit appetite for industrial action but shouldn’t mask the unhappiness across sector
Inequality, Covid exhaustion, sympathy for students, fear of public opinion and frustration with UCU tactics are all factors, says Glen O’Hara
Combined with results of pensions ballot, union has mandate for walkouts at less than four in 10 institutions polled
Barely half of campuses pass 50 per cent voting threshold required for walkouts to go ahead
Union urges education secretary to intervene on student loan changes and to press university bosses into talking on disputes
UCU leader Jo Grady claims action is needed as ‘staff at breaking point’ but employers say latest 1.5 per cent pay offer is ‘fair and meaningful’
Union members at 152 UK institutions asked to walk out for fourth time in little over three years
Walkouts expected as government decides on English reforms in wake of Covid disruption
Fund’s embrace of employer-led reforms averts massive hikes in contributions
Employer representatives on joint negotiating committee push through Universities UK proposal with chair’s backing
Ending automatic inflationary increases in benefits should keep contributions below 30 per cent of salary, says joint statement
Universities UK on collision course with unions, which warn reforms could cost members thousands of pounds annually in retirement
Union says vice-chancellors’ shake-up would leave staff thousands of pounds out of pocket annually, but universities say current benefits are unaffordable
Proposals put forward in consultation could reduce increase in contributions from about 50 per cent to 34.7 per cent, according to fund chief executive
Universities Superannuation Scheme will develop ‘meaningful short-, medium- and long-term targets’ towards carbon neutrality
Action is clearly needed to shore up the USS, but the trustee needs to be more flexible, says Alistair Jarvis
UCU negotiator says UUK’s latest proposals are unlikely to win support
Union warns that employers ‘have offered very little to dissuade members from voting for another round of industrial action’
In letter to vice-chancellors, Universities UK says it is ‘disappointed’ sector’s biggest pension fund will not conduct a review of controversial valuation
Universities UK raises concern about influence of regulator on fund’s valuation, while indicating possible reforms to benefits
‘Unaffordable’ contribution increases proposed by Universities Superannuation Scheme mean member benefits may be up for debate once more
Universities UK says increases are unaffordable for employers and risk pricing even more staff out of scheme
Vice-chancellors criticise level of contributions proposed by Universities Superannuation Scheme
Discussions about how the UK’s largest pension scheme covers its deficit ought to consider whether all employers and members should pay the same rate, argues Paul Hamilton
Universities call for members to have option to reduce their contributions in return for different benefits
Academics may wish we weren’t here, but burying heads in the sand about the depth of the deficit is no longer viable, says Bernard Casey
Pension scheme’s annual report shows relationship with members worsening amid ongoing dispute over contributions
UK higher education’s biggest pension fund says Covid-related uncertainty on financial markets added £7 billion to shortfall in space of two months
If universities don’t commit to underwriting a riskier investment strategy, pension contributions will have to rise sharply, says Bill Galvin
Money to be taken automatically from members’ bank accounts to support UK union’s strike fund
Universities’ divestment policies are undermined by the USS’ continued investment in oil companies, says Bill Spence
Members of the Universities Superannuation Scheme are about to vote on whether to lock in current members. But this might not be enough to safeguard the scheme’s solvency, says Bernard Casey
Concerns raised over pension scheme’s ability to judge its health after virus crisis market plunge
Radical changes may be on cards after stock market crash and interest rate cuts, say experts
Some members increasingly wary after 22 days of walkouts already this year, but many remain determined to win concessions from employers on pay and pensions
New documents show that economic downturn from coronavirus could lead to increased contributions
Negotiators ‘within reach of agreements’ as union cuts demands on pay rises and pension contributions, says general secretary
Leaked summary of report into Jane Hutton’s conduct on USS board says speaking to media ‘by no means a proportionate response’ when regulators were still investigating concerns
Union and employers refuse to make further concessions as 14 days of industrial action continue at 74 universities
Staff vent frustration that employers haven’t recognised the bigger picture behind the walkouts
Universities decline to make fresh offers on pay and pensions as union prepares for second round of industrial action
UCU faces debate over whether to compromise on demands over pay, pensions and working conditions
Striking again would rob students of vital lecture time and damage the progress we’ve made through bargaining, says one anonymous UCU member
Walkouts to escalate over February and March
Total number of union branches eligible to strike this year reaches 74
Birmingham v-c to step down from pension fund board this August
UCU says that universities should focus on solving dispute ‘instead of trying to spin their way out of this’
UCU, employers and USS will discuss the ongoing pensions row, following series of recommendations from expert panel
Strikes threaten to spill into the new year, as little progress made in dispute
Universities Superannuation Scheme cautions that making governance changes swiftly could be challenging
Strikes notwithstanding, more pay restraint and greater pensions contributions from UK staff seem unavoidable, writes Bernard Casey
Current approach is ‘overly restrictive’ and does ‘not appear appropriate for an open, strong scheme’