Latest member news
23 May 2023Capita 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.
12 May 2023
Important information about Capita's cyber incident
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.
9 May 2023
Bust the pensions jargonPlanning for your future’s tough enough without industry phrases getting in the way. Check out some of the most common.
Latest corporate news
17 August 2023
Court of Appeal case against USS dismissed
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.
25 July 2023
USS publishes 2023 Report and Accounts
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.
13 September 2023
USS receives FRC approval for upholding high stewardship standards
USS has continued to meet the high standards of reporting to remain a signatory to the Financial Reporting Council’s (FRC) Stewardship Code.
Views from USS
26 September 2023
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.
7 September 2023
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.
25 July 2023
Our latest progress to Net Zero
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.
Stewardship Code Report 2023
Read how we implement our commitments to the UK Stewardship Code and summarise our responsible investment activities and outcomes across all of our asset classes.