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From its inception, USS was the main pension scheme for UK academics and senior administrative staff of universities and similar higher-education or research institutions. [5] This predominance was lessened, however, when the Further and Higher Education Act 1992 created numerous ' new universities ', whose employees (old and new) remained in ...
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 ...
The Universities Superannuation Scheme was created in 1974 to provide sector-wide pensions for UK university staff (focusing on academic staff). [19] Its terms changed little until 2011, when major reforms were implemented, followed by further changes in 2014–15.
More staff could be priced out of their pension scheme amid changes being put forward by the Universities Superannuation Scheme, sector leaders warn. Universities could face threat of strikes over ...
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.
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 ...
She then moved to work at the University of Sheffield, and became active in the UCU branch there, as its pensions officer. In 2018, she was elected to the union's national dispute committee for the Universities Superannuation Scheme, and she enthusiastically supported the union's strike that year over cuts to the scheme. In 2019 she was elected ...
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 ...