You may have seen reports in the Financial Times, the Times, the Daily Telegraph and in other places this week relating to USS reducing its investments in the Middle East.
Universities UK’s (UUK) role in relation to USS transferred to Universities and Colleges Employers Association (UCEA) on 1 August 2024.
Universities Superannuation Scheme has published its annual Report and Accounts, covering the financial year to 31 March 2024. The scheme has also published its latest Task Force on Climate-related Financial Disclosures (TCFD) Report.
We’re proud to announce that USS won the DC Innovation of the Year award at the UK Pension Awards 2024 for the Investment Builder – the defined contribution (DC) part of the scheme.
Universities Superannuation Scheme Limited – the UK’s largest private defined benefit pension scheme by assets – will be moving to Procentia’s pensions administration platform after signing a seven-year contract with the award-winning service provider.
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).
The challenges facing Thames Water are the manifestation of historic under-investment over multiple decades and, more recently, the significant financial impact of soaring energy prices and other inflationary cost pressures. However, we have given our backing to Thames Water’s latest business plan.
Read how we implement our commitments to stewardship and summarise our responsible investment activities and outcomes across all our asset classes.
