‘This offers some relief for Alliance universities’: University Alliance comments on changes to the SCAPE discount rate
Responding to the announcement by Torsten Bell, Minister for Pensions, on the SCAPE discount rate, a University Alliance spokesperson said: “We welcome confirmation from the Treasury of the new SCAPE discount rate, which sets in train a likely reduction in employer contribution rates to the Teachers’ Pension Scheme (TPS) from April 2027. This offers some relief for Alliance universities, which are legally required to offer the TPS without access …