Cambridge college steps closer to pension scheme exit

Trinity College Cambridge has confirmed that it is “reviewing pension arrangements for its academics” after it refused to deny reports that the college's council has voted to leave the Universities Superannuation Scheme.

According to University of Cambridge student newspaper Varsity, leaked documents reveal that the college’s council has voted to leave the USS. In December 2018, separate leaked papers revealed that Trinity College—which holds around £1.3 billion of assets—was considering dropping out of the scheme.

At that time, the college said it was concerned that if other universities failed financially, it may have to foot the bill for more than its share of the scheme’s pensions and put its endowment at risk.