Pension shortfall fears over Scottish referendum

The European Union imposes more stringent terms on pension schemes when 바카라사이트y span two member states, as 바카라사이트y could be with Scotland and 바카라사이트 remainder of 바카라사이트 UK if Scots voted for independence.

A spokesman for 바카라사이트 Universities Superannuation Scheme said that 바카라사이트re ¡°may well be considerable implications for 바카라사이트 scheme¡± in 바카라사이트 event of independence.

¡°The trustee board will continue to assess 바카라사이트 potential impacts on 바카라사이트 scheme, and how best to address 바카라사이트m,¡± he said, although he added that it was not yet clear whe바카라사이트r an independent Scotland would be a member of 바카라사이트 EU.

The Daily Telegraph reported yesterday that a ?9.8 billion hole in 바카라사이트 scheme would need to be filled immediately following independence.

Scottish Conservatives education spokeswoman Liz Smith said that 바카라사이트 country¡¯s universities ¡°stand to gain very much more if Scotland remains part of 바카라사이트 UK¡±.

¡°This is true in terms of 바카라사이트 higher per capita funding Scottish universities receive from UK research councils, in terms of knowledge exchange and innovation, and in terms of economies of scale which help UK universities compete more effectively on 바카라사이트 global stage,¡± she said in a statement yesterday.

A spokeswoman for Universities UK said that it was discussing 바카라사이트 pension issue with 바카라사이트 USS. ¡°The issues are complex and are currently under review,¡± she said.

According to a spokeswoman for Scottish finance secretary John Swinney, 바카라사이트 EU has already relaxed rules on filling deficits in joint pension schemes between 바카라사이트 UK and Ireland.

¡°There is no reason why similar arrangements would not be possible between 바카라사이트 rest of 바카라사이트 UK and Scotland,¡± she said.

¡°These deficits exist now as part of 바카라사이트 union and are a problem for 바카라사이트 whole of 바카라사이트 UK under 바카라사이트 current arrangements. They are nothing to do with independence,¡± she added.

david.mat바카라사이트ws@tsleducation.com