26 July 2022
USS agrees Butlin’s ground rent deal
USS completes £300m ground rent agreement to acquire Butlin’s real estate sites at Skegness, Minehead and Bognor Regis.
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24 July 2022
USS publishes 2021/22 Report and Accounts
Universities Superannuation Scheme has published its annual Report and Accounts, covering the financial year to 31 March 2022. At 31 March 2022, total assets under management were £90.8bn (2021: £82.2bn). Its defined benefit (DB) fund stood at £88.9bn (2021: £80.6bn), while its defined contribution (DC) assets totalled £1.9bn (2021: £1.6bn).
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21 June 2022
USS launches its first asset-backed securities mandate
USS, the UK’s largest private pension scheme by way of assets, has launched its first mandate investing in asset-backed securities (ABS). Likely to exceed £1bn over the next couple of years, USS’s first ABS mandate will be focused on investment grade, publicly listed securities.
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26 May 2022
USS publishes Stewardship Code report
USS, the UK’s largest private pension scheme by way of assets, has today published an in-depth report on its approach to Responsible Investment – evidencing its commitment to stewardship, sustainability and good corporate governance.
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24 May 2022
USS statement
A hearing was held at the High Court in April to establish whether four claims, brought by two members of USS, against directors of the scheme’s trustee company should proceed to trial. After considering the claim mechanism used and the substance of the claims, the High Court has found that the case should not proceed.
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19 May 2022
12 leading UK pension funds to collaborate in support of climate transition in emerging markets
A group of 12 leading UK pension funds convened by the Church of England Pensions Board, representing £400bn assets under management and working on behalf of over 18 million members, will jointly consider how to support the climate transition in emerging markets.
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19 May 2022
USS statement
On Thursday 19 May 2022, Professor Hutton withdrew her Employment Tribunal claim against USS. This was Professor Hutton’s unilateral decision – there is no settlement agreement. The trustee has decided not to pursue Professor Hutton for its costs.
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3 May 2022
USS makes the pledge on pension scams
Universities Superannuation Scheme, the UK’s largest private pension scheme by assets, has officially made The Pensions Regulator’s (TPR) pledge to adopt industry best practice in preventing scams. The voluntary pledge encourages pension schemes to make a commitment to protecting members’ best interests when it comes to potential scams.
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1 April 2022
Comment on interim monitoring of the 2020 valuation (as at 28 February 2022)
The latest interim monitoring report provides some positive indicators of the current funding status and contribution requirements of the scheme, as a result of the changes to benefit structure agreed by the Joint Negotiating Committee (JNC), and recent market developments.
Stewardship Code Report 2022
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.
