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Key terms and important information

Find out the important terms and phrases associated with USS

Find out who's who

There are some key names and phrases you’ll see across our website. So we’ve listed them below –along with a short description of who they are and what they do.

Universities Superannuation Scheme (USS) – a trust-based workplace pension scheme governed by a trust deed and rules.

Universities Superannuation Scheme Limited – the trustee of USS. We (the trustee) make sure USS (the scheme), which is set up for the benefit of our members and their dependants, is run in line with the trust deed and rules and legal duties.

USS Investment Management Limited (USSIM) – a subsidiary of Universities Superannuation Scheme Limited. It looks after the investment and management of the scheme’s assets.

When you see the following terms on our website, here’s what they’re referring to:

  • USS means the scheme. Depending on where it’s written, it can also mean the trustee and/or USS Investment Management Limited
  • USSIM is USS Investment Management Limited
  • The scheme is Universities Superannuation Scheme (USS)
  • The trustee refers to Universities Superannuation Scheme Limited
  • We, us or our means the trustee. Depending on where it’s written, it can also mean USS Investment Management Limited
  • Trust deed and rules is the scheme’s trust deed and rules. These may change from time to time.

Important note

Unless expressly stated otherwise, the content of this website and any factsheets and guidance issued by the trustee are for general guidance only. They are not legal documents and do not explain all situations or eventualities. If there is any difference between this publication and the trust deed and rules the latter shall prevail. Members are advised to check with their employer contact for the latest information regarding the scheme, and any changes that may have occurred to its rules and benefits.

If you want to seek guidance or take financial advice on the options available to you, visit the guidance and financial advice page. You’ll find a range of resources to support your planning and you can also find information on how to access an independent financial adviser.