News & views

Capita recently reported a cyber incident involving hackers targeting some of its computer servers – potentially impacting several of the cross-sector businesses it serves. We use Capita’s technology platform (Hartlink) to support our in-house pension administration processes and have been liaising closely with the company over the course of its forensic investigations.

The Court of Appeal recently dismissed an attempt by two members of the scheme, Dr McGaughey and Prof. Davies, to bring proceedings against a number of current and former directors of USS’s corporate trustee potentially using scheme funds to do so.

Universities Superannuation Scheme has published its annual Report and Accounts, covering the financial year to 31 March 2023 – a year marked by significant volatility across financial markets.

USS has continued to meet the high standards of reporting to remain a signatory to the Financial Reporting Council’s (FRC) Stewardship Code.

Unlike publicly listed assets, where values are obtained from quoted traded prices, private assets are valued by experts using a range of different data points and techniques to form a view of fair value.

Climate scenario analysis is a vital tool to help us assess the financial risks we face as investors under various future climate outcomes. We’ve worked with the University of Exeter to develop four new climate scenarios that are more useful for our investment decision-making.

Our latest TCFD report is now live, which looks at how we’re tackling the financial risks of climate change. Innes McKeand, our Head of Strategic Equities, talks about our progress towards our Net Zero ambition and the actions we’ve taken.