UK. The solution to university pensions? Better fund managers
Never have university pensions been so firmly in the media spotlight as this week. But why are the changes to the universities superannuation scheme (USS) so controversial? Views diverge wildly: vice-chancellors and their representatives say future pensions are unsustainable, while staff see a strongly performing scheme. With an estimated cost of £200,000 to the average member of staff over their retirement at stake, something had to give. Pensions are complex. To try to understand them, we need to go back...