Pensions Update for Universities - Spring 2015

Welcome to the latest issue of our pensions update for universities. Pensions remain at the forefront of discussions, with changes to the USS, LGPS and TPS potentially resulting in universities conducting significant reviews of their overall benefit provision as well as dealing with changes as a result of the abolition of contracting out and the prospect of undertaking complex GMP reconciliations.

Other current issues include the impact of the move to accounting standard FRS102, further issues in tax relief for senior staff, the performance and increased use of diversified growth funds and the pensions flexibilities announced by the 2014 Budget.