Dear colleagues,

We are grateful for your feedback on UUK’s consultation on the second report of the Joint Expert Panel (JEP2) and how its recommendations might be applied to the 2020 valuation. As promised, we wanted to share our final response on the first phase of the consultation.

There will be two subsequent consultation phases which will seek employers’ views on the options for the 2020 valuation and the impact on contribution rates. Colleagues will of course have the opportunity to feed into these consultation phases when they are announced.

We will continue to advocate for openness and transparency from all parties involved in the national discussions on USS and will update you on any developments as soon as they happen. In the meantime, please visit our USS webpages for more detailed information.

Best wishes

Alice and Ian

Professor Alice P. Gast, President

Professor Ian Walmsley, Provost