B

Baroness Warwick of Undercliffe (Lab)

Speaking in the House of Lords on 15 June 2026

Debate

Teachers’ Pension Scheme: Automatic Enrolment

Contribution

I thank the Minister for that reply. She will, of course, be aware of the disparity between the main pension schemes in the university sector, with both employer and employee contributions significantly higher in the TPS than in the USS. The Government have emphasised the need for the sector to be financially independent, yet the requirement to commit to the TPS undermines the flexibility and competitiveness of many of the post-1992 institutions. The higher output rate for academics undermines the benefits of the scheme for staff, and it absorbs a high proportion of student fee income. I hope that the recent valuation, which we do not know the outcome of yet, will provide some short-term relief but, unfortunately, I do not think that will deal with the structural problem. I urge the Minister to consider a value-for-money assessment in this sector and give it the longer-term flexibility that it clearly needs.

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