News & views

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.

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

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.

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

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.

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.

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.