Recommendation 6

The Government should explore the following options: • Both UCEA and UCU have asked HM Treasury to review the SCAPE discount rate, which was reduced at the last valuation and UCEA stated caused the increase in employer contributions. The previous valuation in 2023 was based on data from 2020. The valuation of 2027 should take account of these calls. • If contributions remain a burden the Government could consider providing financial support, as it has provided for state schools and FE colleges, and the Scottish Government has provided for Scottish universities. • The Government could prohibit the creation of wholly owned subsidiaries which are being used to avoid the requirement for TPS membership. (Recommendation, Paragraph 69)