USS: Joint Expert Panel calls for submissions for second phase
The JEP has announced the second phase of its work which will begin by reviewing the governance and valuation process of USS.
The JEP is seeking submissions from stakeholders and others on the first part of its work which will focus on:
- The roles and involvement of UCU and UUK in the valuation process so that a more collaborative approach could be adopted.
- An examination of the interaction of the various bodies with a formal role in the valuation process, including the trustee and the JNC.
- The potential for the involvement of Scheme members in the valuation process and how more effective engagement with employers can be achieved.