Significant USS constitution change

A question frequently asked is: given that the changes introduced three years ago were part of a recovery plan to eliminate the deficit, what has changed since then that necessitates further radical changes?

One important change is that the constitution of the USS has been amended in a significant way. There is no longer a representative of the University Funding Councils.That is there is no longer a director appointed by central government.

This is explained in the Board Report in the 2012 Annual Report and Accounts.

"Previously the Higher Education Funding Councils (HEFC) were entitled to appoint one director. As part of a review of their activities and responsibilities, the HEFC nominated director resigned and, at the request of the funding councils, the articles of association were amended to remove references to the funding councils."

This reflects the Coalition privatisation thinking about universities.

Dennis Leech : 21 Oct 2014 16:31 |  Tags: Pensions Uss; |  Comments (0) |  Report a problem