Alarming reports on university super. I am hearing quite alarming things about the defined benefits university superannuation scheme. What I would describe as “a normally reliable source” tells me that there’s not enough in the kitty to meet the obligations unless there is a very surprising increase in investment returns. Downward adjustments to payments look like being necessary. And there’s a strong suggestion that the scheme is extremely biased against younger contributors to the fund compared with their colleagues who are closer to retirement age.