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Keep up to date with the latest news from USS

  • 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.

  • USS publishes Responsible Investment report

    USS, the UK’s largest private pension scheme by way of assets, has published an in-depth report on its approach to Responsible Investment – evidencing its commitment to sustainability and good corporate governance.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Statement from the trustee on benefit modellers

    The modeller which supported the employer’s consultation with members is available and provides a comprehensive view of the likely impact on USS members’ pensions following the implementation of the JNC’s agreed changes to benefits from 1 April 2022.

  • Joint UCU, UUK and USS statement on the Chair of the Joint Negotiating Committee

    UCU, UUK and the USS trustee understand the strength of feeling surrounding the 2020 valuation. We cannot, however, accept personal attacks and intimidation aimed at the Chair of the Joint Negotiating Committee (JNC), whether through social media or other channels. The Independent Chair is appointed by both stakeholders and is a role that requires integrity at all times. We are grateful for the current Chair’s hard work and dedication in seeking to support the JNC, per its responsibilities under the Scheme Rules, through an extremely challenging period.

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