Here you will find the investment principles set out by and prepared by Universities Superannuation Scheme Limited, the trustee company of Universities Superannuation Scheme.
Its purpose is to outline the broad principles governing the investment policy of the trustee company and to satisfy the requirements of the Pensions Act 1995 (as amended by the Pensions Act 2004 and the Occupational Pension Schemes (Investment) Regulations 2005).
It also provides information on various other aspects of the investment of the fund’s assets.
The statement has been agreed by the board of the trustee company on written advice from the investment committee (a sub-committee of the board), the scheme's external investment consultants and the scheme actuary and has followed consultation with the participating employers.
The board reviews the statement at least every three years and without delay if there are any significant changes in investment policy or where the trustee company considers that a review is needed for other reasons.
The investment committee monitors compliance with this statement at least annually and obtains confirmation from the investment managers that they have exercised their powers of investment with a view to giving effect to the principles contained herein as far as reasonably practicable.
The fund’s investment arrangements, based on the principles set out in this statement, are detailed in the Investment Policy Implementation Document (“IPID”).
Please note
This is a working document which is updated on a regular basis and which is available to participating employers and scheme members on request.
Download the USS Statement of Investment Principles here