Northumbria pension switch scheme ends with nearly half signed up
Majority elect to stay enrolled on more expensive TPS despite offer of incentives up to £12,000
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Jumping from the TPS to USS is not a choice we should be asked to make
Northumbria’s novel cost-cutting scheme is no better than the subsidiary arrangements others are using to avoid pension obligations, says Jon Bryan
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The UK needs a big debate on the sustainability of TPS for post-92s
Northumbria’s move to encourage staff on to USS is not about saving costs. It will allow pay to keep up with other research-intensives, says Andy Long
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Nine in 10 Northumbria staff yet to agree TPS pension exit
University increases size of payout and extends deadline as it insists more staff will take up offer to move pensions after union describes scheme as ‘abject failure’
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Northumbria staff back strike action over pensions changes
Union wins industrial action ballot over move to freeze pay for those who refuse Teachers’ Pension Scheme switch
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Durham, Northumbria and Strathclyde latest to face strikes
Staff at Strathclyde and Durham vote to walk out in disputes over job losses and workloads, while Northumbria to be hit with disruption in row over pensions
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Use of subsidiaries to avoid pension costs ‘fragmenting sector’
Institutions forced to take matters into their own hands as high employer contributions ‘increase likelihood of university closure’
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Northumbria to freeze pay if staff refuse TPS-USS pension switch
University says moving employees from more expensive scheme will save it up to £11 million a year
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Northumbria staff threaten to strike over plan to switch pensions
Industrial action also planned at University of Derby as rows over employment conditions deepen
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Universities fear £50 million hit from budget ‘pensions tax’
Cost to sector ‘significant’ as reports say chancellor planning to limit tax-free contributions
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‘Intense competition for students’ behind UEA, Reading deficits
Institutions say impact of recruitment changes behind difficult financial picture but predict stronger numbers in future
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USS chief executive paid close to £1 million in first full year
Carol Young’s salary boosted by bonus and buy-out clause as fund gears up for 2026 valuation
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Dundee boss quits after report finds ‘poor financial judgement’
Interim vice-chancellor steps down after investigators blame financial crisis on mismanagement, not external pressures
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Staff pushed into early retirement face pensions ‘cliff edge’
Staff in their late fifties offered voluntary severance may feel that they have no choice but to accept, but it could cost them thousands of pounds in pension payments
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Are we about to see many more UK staff locked out of the TPS pension?
Amid financial turmoil, post-92s are creating subsidiaries to employ staff without having to enrol them in the expensive Teachers’ Pension Scheme. But what does that mean for grant and REF...