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Drastic improvement to the USS finances revealed

31 March 2022

UCU demanded vice-chancellors order their employer body UUK to revoke brutal cuts to pensions after a drastic improvement to the USS finances was revealed by the trustee.

This comes after a new report by the trustee which manages the scheme reported that assets increased to over £88bn. Growth has now outstripped liabilities and the level of contributions required to service the deficit has now fallen to 0%.

Last updated: 28 June 2023