You’ll all be aware of our letter to the USS trustees asking for data and documentation that underpin the valuation of the USS fund. We had a reply from USSL’s solicitors — more on the detail of the letter later — which provided several documents to us. It turns out that these documents provide new […]
USSL wrote to ‘their colleagues’ (not their beneficiaries!) on 18th April. They were keen to defend the November 2017 valuation, and announce their intention to complete the 2017 valuation cycle by triggering the cost-sharing provisions in 76.4 of the trust deed on 30th April 2018. This will require increased contributions to the fund from April […]
Last week our solicitors, Gordon Dadds, wrote to Professor Sir David Eastwood, chairman of the USS trustees. The letter gave Universities Superannuation Scheme Ltd (USSL) 10 days to produce the full actuarial valuation and other associated reports that have not been shared with members of the scheme. The letter was copied to Frank Field MP, […]