More pension plan criticism as university splits deepen

The University of Warwick is the latest institution to break rank and criticise the universities’ umbrella group Universities UK over its handling of changes to university staff pensions.

In a response to UUK’s proposals released to University of Warwick staff, the Russell Group institution criticises the lack of options put forward by UUK and says it would have liked to have seen a number of different scenarios.

It questions how attractive the Universities Superannuation Scheme (USS) will look when put alongside schemes at other universities, which are also undergoing reform. It also complains that staff at the UK’s most elite institutions who aspire to do well will be penalised the most under the changes.

Warwick says it wants a compromise that leaves a scheme capable of attracting and retaining ‘the talent needed to sustain the university’s development in the future.

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