Universities: Vice-Chancellors’ Pay - Question

Part of the debate – in the House of Lords at 2:59 pm on 12th September 2017.

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Photo of Viscount Younger of Leckie Viscount Younger of Leckie Lord in Waiting (HM Household) (Whip) 2:59 pm, 12th September 2017

There was a Question in the House the other day about pension schemes, particularly looking at concerns about the deficit. I hope that I addressed those concerns. We have to look at the package as a whole. We are focussing on vice-chancellors’ pay, but the package includes a pension scheme. I am not going to comment as to whether it is generous or not, but it is a final salary scheme. It is important for universities to take account of the whole package for vice-chancellors, including not just the pension but perhaps also the housing that they are in. This has been in the press as well.