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The scheme came under renewed pressure from 2015, via the 'USS: Step Up' campaign, which had noted investments in tobacco and fossil fuels. [62] As of 2019, USS offers four ethical investment options. Around 8% of members had taken advantage of these. [2] In 2017, it was reported that the USS pension scheme has offshore investments in tax ...
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 ...
For example, in January 2018, Southampton University began consultations on closing its defined-benefits pension scheme for non-academic staff, [28] and in March 2018, Staffordshire University began consultations on moving support staff from the defined-benefit local government scheme to a local defined-contribution scheme. [29]
Newcastle University (legally the University of Newcastle upon Tyne) is a public research university based in Newcastle upon Tyne, England. It has overseas campuses in Singapore and Malaysia. The university is a red brick university and a member of the Russell Group, [7] an association of research-intensive UK universities.
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Rosalind Miriam Altmann, Baroness Altmann, CBE (born 8 April 1956) is a British life peer, leading UK pensions expert, and political campaigner.She was appointed to the House of Lords following the 2015 general election as a Conservative, but describes her work both before and after the election as being politically independent, championing ordinary people and social justice.
The Public Service Pensions Act 2013 (c. 25) abolished this arrangement, and subsequent Lord Chancellors have participated in the Ministerial Pension Scheme. [32] Local authorities contribute to pensions in the Local Government Pension Scheme using powers in the Superannuation Act 1972.
A qualifying recognised overseas pension scheme, or QROPS is an overseas pension scheme that meets certain requirements set by HM Revenue and Customs (HMRC). A QROPS can receive transfers of British pension benefits. The QROPS programme was part of British legislation launched on 6 April 2006 as a direct result of EU human rights requirements ...