Encouragement from Frank Field MP!
Frank Field MP has responded to the petition, showing support for our aims.
He writes: "the USS is a singular scheme in many respects, not only by virtue of its sheer size and its multi-employer sponsor base, but also due to the sector it serves and the consequent weight of expertise and intellectual rigour that its members are able to bring to bear on the scheme’s workings".
He also added "I hope that you and your colleagues are successful in your efforts to obtain the greatest possible transparency and accuracy in the assumptions used to calculate the scheme’s funding position. The consultation on the draft valuation report can only be a meaningful exercise if it is based on robust and valid assumptions that are clearly understood by sponsoring employers and scheme members alike", and asked to be kept informed.
We are still awaiting a response from USS...