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In 2017, it was reported that the USS pension scheme has offshore investments in tax havens. [63] In 2014, USS's highest-paid executive, received a 50% pay increase, to £900,000 [64] and criticism of the high pay of top USS employees grew. In 2018, it was noted that pay for USS's chief executive rose from £484,000 in 2017 to £566,000 in 2018 ...
[315] [316] Reporting focused on the Panel's proposal to introduce a dual discount rate into the USS pension scheme, whereby the fund supporting members who had retired would be put into low-risk, low-return investments, but the remainder of the fund (accruing to working members who had not yet retired) would be free to be invested in higher ...
McGaughey and Davies v Universities Superannuation Scheme Ltd and Directors [2023] EWCA Civ 873 is a UK company law, climate litigation, and pension law case, seeking permission for a derivative claim to enforce duties of the directors of the UK university pension fund, USS Ltd. The case was first to sue for directors of a major UK corporation ...
Hutton became a director of the Universities Superannuation Scheme on 1 November 2015. [5] [6] On 21 May 2019, it was revealed that, in her capacity as a non-executive director on the USS board of trustees, she had in March 2018 complained to the Pensions Regulator, alleging that her efforts in 2017 to check whether the USS deficit had been miscalculated had been frustrated by delays and ...
22 February – The 2018 UK higher education strike begins with academic staff at sixty-four UK universities over proposed changes to the USS pension scheme. [33] 27 February US cable TV giant Comcast makes a £22,100,000,000 bid for Sky, challenging an existing offer from 21st Century Fox. [34]
Occupational pension schemes: Individual pensions Oman: No: Social insurance system: N/A: N/A Pakistan: No: Social insurance system: N/A: N/A Papua New Guinea: No: Mandatory occupational retirement system: N/A: N/A Philippines: Social assistance: Social insurance system: N/A: N/A Poland: Basic pensions for mothers of four or more children from ...
USS may refer to: Arts, entertainment, and media. ... Universities Superannuation Scheme, a pension scheme in the United Kingdom; United Peasant Party ...
In spring 2018, the transparency of Universities UK was widely called into question due to its role in negotiations over changes to the USS pension scheme, which led to the 2018 UK higher education strike. By 12 April 2018, 12,000 people had signed a petition demanding that Universities UK be made subject to the Freedom of Information Act 2000.