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McArthur: SNP offer assertion not answers on pension schemes

July 29, 2013 11:33 AM
Originally published by Scottish Liberal Democrats

Commenting as it is revealed that universities across the UK face aLiam McArthurLiam McArthur £9.8 billion funding shortfall if Scotland votes to leave the UK, Scottish Liberal Democrat education spokesperson Liam McArthur MSP said:

"As Universities Scotland has already made clear, it is crucial that pension pots are sustainably funded and that risk is shared across a wide pool. This is an opportunity which our UK partnership of nations provides. Working together across the UK delivers powerful economies of scale to pension funds such as the USS.

"This is further proof of the potential damage SNP's plans to break Scotland away from the UK could have in terms of pensions. In response, the SNP offers assertions rather than answers, and the threat of a further lengthy delay in the recovery of university pension pots.

"Many will struggle to understand why the SNP wish to break up pension schemes which benefit from the size and strength of a UK-wide base."