Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
The results of our 14th survey on UK universities' pension liability assumptions for accounting purposes is here. This blog summarises the key insights provided in the full survey. Pension deficits have slightly reduced over the year to 31 July 2024, mainly due to modest asset value growth, though lower discount rates from falling yields offset these gains. Recent yield increases might impact future results.
The initial results of the 2023 valuation for the Independent Schools’ Pension Scheme (ISPS) reveal a significant deterioration in funding level, which could lead to Deficit Reduction Contributions (DRCs) tripling as a result. The ISPS Employer Committee (EC) recently wrote to all participating School’s to highlight the initial results of 30 September 2023 actuarial valuation.
The initial results of the 2023 valuation for the Independent Schools’ Pension Scheme (ISPS) reveal a significant deterioration in funding level, which could lead to Deficit Reduction Contributions (DRCs) tripling as a result. The ISPS Employer Committee (EC) recently wrote to all participating School’s to highlight the initial results of 30 September 2023 actuarial valuation.
Now is the ideal time to consider if remaining in the LGPS is right for you. As well as reducing costs and risk, exiting the LGPS can enable you to provide equitable benefits to your employees rather than keeping them in different pension arrangements. Background 31 March 2022 marked the date for LGPS valuations in England & Wales. Overall results were good and for many employers the ongoing deficit and costs fell.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
