A strike by UK university academics has been suspended pending a valuation review.
The University and College Union (UCU) has called for the strike to be halted after its “members accepted an offer to examine the latest valuational,” reports Pensions Expert.
Academics at 65 universities hit the picket lines in protest of an employer proposal to close the DB plan and replace it with a DC scheme.
“Nearly two-thirds (64 per cent) of the union members who voted in the latest ballot were in favour of establishing a joint expert panel to examine the Universities Superannuation Scheme’s 2017 valuation, which UUK had based its closure proposal on,” reports Pensions Expert.
More: Union has expressed misgivings over valuation.

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