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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

  • Thames Water: a update on our investment

    You may have seen the recent media coverage concerning shareholder funding for Thames Water. This followed regulatory announcements made by Thames Water and Kemble on Thursday 28 March 2024. I want to reassure that this will have no significant or material impact on USS's funding position or the security of our members’ promised pensions.

  • 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).

Views from USS

  • The arc of the covenant

    When taking investment risk to fund the pensions promised to members, we are relying on the scheme’s sponsors – its participating employers – to effectively underwrite that risk.

  • Innovating our DC offering for our members

    Building a truly innovative DC product is a vital part of our goal to give members the best possible investment options and access to forward-thinking investment strategies that’ll positively impact the final value of their DC savings when they come to take them. Read about our recent areas of DC innovation from an investment perspective.

  • 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.