USS Joint Expert Panel

The Joint Expert Panel established by Universities UK and the University and College Union to review the valuation of the Universities Superannuation Scheme (USS) has published its first report.

The report is available to read in full here. Universities UK and the University & College Union have both welcomed the report.

A Cardiff University spokesperson said: “We welcome the Joint Expert Panel’s independent examination of the USS valuation processes and assumptions. Earlier this year we called on both UCU and UUK to work with USS to challenge the Pensions Regulator to accept an academically robust, new and independent actuarial valuation. We hope that this report is a step towards a solution that works for employee and employer alike.”