In July 2017 the press was full of the news that in March 2017 the defined benefit section of USS (the retirement income builder) had a deficit of £17.5 billion. This number was computed according to the rules for company accounts, and is not used by either the regulators or USS.
The 7th Industry Insights event was presented by Mr. Matthew Stiling and organised by the ICMA Centre in partnership with the University of Reading Finance Society.