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Q: If the expert panel cannot reach agreement, what do employers understand will be the fallback position on the valuation?

A: The valuation is the responsibility of the USS Trustee (h/t @JosephineCumbo) 1/
The USS trustee board 'delegates day to day responsibility for the mgmt of the scheme to the group executive' (h/t @CathyJenkins101). The group executive comprises the following uss.co.uk/how-uss-is-run… 2/ screen shot of web link showing list of names in group executive
.@JosephineCumbo has just responded saying: "I have asked #USS what its fallback position is if the panel cannot reach agreement. Am awaiting a response."
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