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News & views

Keep up to date with the latest member and corporate news & views from USS

Latest member news

  • What you pay and what you get is changing

    After consideration of the responses received to the consultation with affected employees and their representatives, the USS trustee and the JNC have not proposed any modifications to the JNC’s proposed package of benefit and contribution changes.

  • Your questions answered on the one-off uplift

    Read the answers to the key questions on the one-off uplift to benefits.

  • Important update on Capita's cyber incident

    Capita previously reported a cyber incident involving hackers targeting some of its computer servers. Capita have identified from their investigations that personal data of USS members was exfiltrated (i.e., accessed and/or copied) by the hackers. To help members monitor their personal information for certain signs of potential identity theft, they will be given access to a leading identity protection service, free of charge, and we are writing to them this week setting out how that will work.

Latest corporate news

  • Professor Adam Tickell appointed to USS Board

    Universities Superannuation Scheme Limited – the trustee of the UK’s largest private pension scheme by way of assets – is pleased to announce that Professor Adam Tickell will join its board as a Universities UK (UUK)-appointed non-executive director on 1 April 2024.

  • Dame Kate Barker re-appointed as Chair

    Dame Kate Barker has been re-appointed Chair of the USS Board for a further four years (to 31 March 2028).

  • An update on our investment in Thames Water

    The challenges facing Thames Water are the manifestation of historic under-investment over multiple decades and, more recently, the significant financial impact of soaring energy prices and other inflationary cost pressures. However, we have given our backing to Thames Water’s latest business plan.

Views from USS

  • Responsible investment: our approach and our legal obligations as a pension fund

    In light of the horrific events that have been unfolding over recent weeks in the Middle East, we know that members and employers may have questions about our investments. Simon Pilcher, Chief Executive of USS Investment Management, sets out our approach to investing responsibly and in the best financial interests of the scheme’s members and beneficiaries, in line with our legal duties.

  • Putting a fair price on our private market investments

    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.

  • Improving climate analysis with the University of Exeter

    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.