Seventy-one investment staff at the Universities Superannuation Scheme (USS) shared bonus payments of £2.89m in the year to the end of March 2010. The USS board recently voted to remove a final-salary pension scheme for new entrants and to raise the retirement age because of apparent financial problems.
UCU said today that it was a tragedy that 2010 would be remembered as the year when record numbers of qualified students - encouraged throughout their academic careers to aspire, and apply to, university - would be turned away from university.
UCU today warned against further increases to the cost of a university degree after a new survey revealed that student debt is already approaching £25,000.
UCU said it was concerned that many students will still miss out on a university place, despite a record number of applicants accepted to Scottish universities.