The UK’s principal pension scheme for higher education is on track to record a “more robust funding position” for the first time “in some years” but satisfaction among members has plummeted after controversial changes were introduced.
Accounts for the 2021-22 financial year – published on 25 July – show that by March 2022, the Universities Superannuation Scheme (USS) had grown its total assets to £90.8 billion, up from £82.2 billion in the previous year, with both its defined-benefit and defined-contribution funds growing.
