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LPNEWS

Universities Superannuation Pension Reports 20.1% Return

by ai-cio.com posted 2years ago 349 views
<p>The Universities Superannuation Scheme (USS), one of the largest principal private pension plans for higher education institutions in the UK, reported an investment return of 20.1% for the fiscal year ending March 31.</p> <p>However, while the plan&rsquo;s assets rose to &pound;60 billion from &pound;49.8 billion, the liabilities increased from &pound;59.8 billion to &pound;72.6 billion, leading to an increase in its deficit.&nbsp; The USS said the main reason for the growth in deficit is the large drop in long-term interest rates during the year.</p>

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