Universities deny they will raise tuition fees to cover pension black hole

By Hayley Dixon. The deficit in the University pension scheme is as much as £10.5 billion, an analyst has claimed, and to plug the hole institutions may need to raise fees by £1,000 a year. 
 Tuition fees may have to rise by £1,000 a year to cover a massive black hole in a University pension fund which is worse than previously thought, an analyst has been claimed. The Universities Superannuation Scheme (USS), used by staff across the UK, has one of the biggest deficits in the country which it is claimed would be £10.5bn if judged by private sector standards. More...