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Edward Peck: ‘Golden age over? I’m not so sure’

Universities complaining about over-regulation should stop committing ‘own goals’ with franchising and grade inflation, says new OfS chair who believes Labour reforms can pave way to stronger sector

Published on
November 14, 2025
Last updated
November 14, 2025
Edward Peck, with Nottingham Trent University and sunburst in the background. To illustrate Peck's belief that the Labour government’s newly expanded higher education target could lead to a “golden age” for universities.
Source: NTU/Alamy/iStock montage

As his wide-ranging review of the Office for Students (OfS) was published last summer, the regulator’s former chair, David Behan, concluded that the “golden age of higher education could be over”.

Although he felt that much of his predecessor’s analysis was right, Edward Peck, the man who has taken over from Behan at the watchdog, said this was one part he disagreed with.

“There may have been a real golden age for 50 per cent who got into higher education, but what about the 50 per cent who didn’t go into education at 18?” Peck asked.

Though he is not a big fan of the concept of “golden ages”, the former vice-chancellor of Nottingham Trent University the Labour government’s newly expanded higher education target could lead to a better era for the sector than the one that Behan might have been referring to.

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Peck, who spoke to Vlog as the regulator published its latest five-year strategy, said the OfS was also entering a new stage in its existence.

“We are still learning how to regulate higher education, and I think higher education is still learning how to be regulated,” said Peck, who has become just the third permanent chair of the OfS – after Michael Barber and James Wharton – since the organisation was created in 2018.

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“Inevitably, when regulation enters a new sector, there’s going to be a period where you have to develop the rules of engagement, the way in which you work together, and I think we have been through that initial stage.”

Coming from a career in the NHS before academia, Peck said he was surprised that higher education did not have a regulator, and that the OfS was now aiming for a “more overt” approach.

“Most institutions provide a good education to most students most of the time. However, in any sector which is receiving large amounts of public money or is filling a public service, you need to have an organisation that is making sure that is consistently the case.”

He said some institutions fail to do that because of individual weaknesses, while at other times the OfS has to intervene over systemic issues or “ineptitude”.

One example of this “ineptitude” is franchising, on which the OfS has had to act, Peck said. He said institutions have developed relationships with franchisees which are “somewhere on the spectrum from careless to negligent”, and sometimes even fraudulent.

“There are people who will say we mustn’t throw the baby out with the bathwater when it comes to franchising, to which my response is…there are some babies, there’s quite a lot of bathwater, and some of that bathwater is quite murky.”

Another “own goal” that the sector has committed was around grade inflation, according to Peck. He said its slow response to concerns means the issue has been allowed to “fester”, which has damaged the confidence of both politicians and the public in the quality of degrees.

“There are some things that the sector’s doing which don’t help itself. On both the franchising issue and indeed grade inflation and others, the sector is making work for us and then they’re complaining about the regulatory burden.

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“Well, if you didn’t do things that caused concern in government and amongst the public and the media and therefore for the regulator, you’d have less regulation.”

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The OfS’ updated strategy, which covers the period of 2025 to 2030, also indicated that it plans to play a more hands-on role when it comes to financial issues in the sector.

Although he could not rule out an institution going under, Peck said the likelihood of this happening was reducing with time and that most institutions have seen an improvement in their recruitment of domestic and international students – and have become more realistic in their projections for future growth.

“Our worst fears have probably not been realised. The metaphor I would use is the light at the end of the tunnel has got closer and brighter for the vast majority, and where it hasn’t, there may be other things they can still do or new steps such as thinking about federations or mergers that they now need to pursue.”

Peck acknowledged that this might be “unsettling” for academics who are still concerned about job cuts but said higher education is no different from other sectors facing similar financial pressures on the public purse.

In the recent skills White Paper, the government outlined plans for the OfS to become the primary regulator for both higher education and further education colleges with a HE component, along with more financial monitoring and data collection processes.

These new priorities will be added to what is already a very long list, given the OfS already has a role in tackling sexual harassment, running the Teaching Excellence Framework, protecting free speech, student mental health, and many other issues.

It even previously promised to take action on spelling and grammar in universities as it became overloaded with political priorities under the former government.

Peck said several things had been handed over to the OfS in the past few years that it probably was not expecting, and its task now was to prioritise what is really important.

“Something suddenly appears on the political agenda, [and] the temptation to give it to the OfS to sort out, I think has been taken.”

Peck, who had a “very cordial” relationship with the OfS when he was at Nottingham Trent, said he hopes his background as a vice-chancellor will help the regulator get its message across to his former colleagues – although he admitted this might be “naïve”.

“This is about having a credible and confident regulator, and the sector needs that at the moment. It’s been receiving criticism from all sorts of directions, some deserved and some obviously undeserved.

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“And I think having an organisation that the public, the media, politicians respect as being independent and authoritative…I think it’s really important to the sector and I think that realisation’s starting to now really hit home.”

patrick.jack@timeshighereducation.com

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Reader's comments (9)

Well one big own goal for the sector is the TEF and its reliance on student satisfaction, hence the grade inflation that is identified here with the concomitant pressure on staff by students and administrators to improve grades. My University requires a report if the percentage of "good" grades fall below a certain extrenely high threshold for instance. The biggest own goal which this chap does not address of course is the scandal of VC and senior executive pay. But, oddly, it is hardly ever mentioned now in the THES as if it's not a problem. With public money funding these exorbitant and unjustifiable salaries at some stage something will have to be done and the longer its is left to fester the worse it will become and the more painful the correction. So come on Ed do the decent thing now!!
Well Ed Peck is of course a former VC himself so he may be in denial about the issue of VC and Senior management pay I am afraid but it is quite extraordinary that he does not mention it as an issue that is poisoning the sector as a whole and souring relations between management and staff and students. Why did not the THES reporter raise the issue? it's the job of a reporter to ask the difficult questions and not simply serve as a platform for powerful voices surely? Why this extraordinary deference? It's not like he's prince Andrew or anything is it?
Well I think you have hit the nail on the head here regarding the deafening silence. Ed's reticence on the issue might well be due to the fact that he was one of the higher paid VCs especially as NTU is not usually regarded as one of the leading or largest UK universities. Ed's annual base salary at NTU stood at £321,160 in 2023-2024 not including benefits. The problem is as always, those who should be regulating senior salaries and preventing excessive awards are also the beneficiaries of the system they are supposed to be policing. Let's hope Ed will be a poacher turned gamekeeper on ths one. We can but hope, forlorn as such hopes usually are.
Yes I loved the unintentional irony concerning the "Golden Age" and thise who have been excluded. It's been a literal golden age for our VCs and senior executives, they have been laughng all the way to the bank. You would think an intelligent person would have avoided that analogy for this very reason as it would be quite shameless otherwise?
new
"Edward Peck: ‘Golden age over? I’m not so sure’": Surely the THES ran that strapline as a deliberate irony? I often notice ironic photo placements at variance with the tenor of the reports. But surely they can be open about this?
"The Committee encourages universities to exercise pay restraint at senior levels, given the difficult financial situation which universities find themselves in.” Most principals earn well over six figures despite needing to cut staff and restricting the number of Scots students, with Edinburgh University Principal Sir Peter Mathieson being one of the highest paid in Scotland, netting £418,000 per year, which is more than the Prime Minister and the First Minister combined." From a Letter to Ben McPherson Vlog Minister Scottish Govt from MSPs on Education Committee. Now if this is not an own goal I really dont know what is!
The Golden Age is certainly not over for Ed and for VCs with their enormous salaries funded by the taxpayer. It's the gift that keeps giving. GREED!
Yep expect more of the same from Ed Peck overpaid and keen to tell everyone what to do and enjoy his power trip as a regulator. Meanwhile academic pay is cut in real terms for yet another year and workloads facing academics increase as student to staff ratios continue to rise. Too many bureaucrats and too many useless and clueless overpaid people at the top. A regulator should be doing something to redress the balance but Ed is one of the overpaid.
I wrote to my MP asking him to take this issue up with Bridget PhillIpson. He's a good MP and takes his role seriously. Maybe nothing comes of it, but in the present climate when MPs are very worried about keeping their seats and, as we know willing to push the government hard now, if enough people write it might make a difference. I know the govt is pretty fed up with the conduct of VCs generally and it's not as if they are the nation's sweethearts is it, as we saw from what they did to Gillespie at Dundee. Look at the Post Office scandal and how long it took to get a result. I think the Scottish assembly are the ones making the running now on this issue.

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