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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.
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17 August 2023
Court 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.
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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.
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19 July 2023
USS consults on assumptions that would lead to significantly lower contribution rates
USS has today launched a consultation with Universities UK (UUK) on the trustee’s proposed funding assumptions and methodology for the scheme’s 2023 actuarial valuation and on the Statement of Funding Principles.
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6 July 2023
Thames Water press speculation
While we’re unable to discuss the recent press coverage relating to Thames Water, we can point to Thames Water’s latest announcement on shareholder funding.
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25 May 2023
Important update on Capita's cyber incident
Capita 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.
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12 May 2023
USS statement on Capita cyber incident
Bill Galvin, USS’s Group Chief Executive, said: “We are very sorry that some USS member data held by Capita may have been accessed by a third party. Data privacy and security is a top priority for us, and we know our members will be concerned by this news.
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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.
Stewardship Report 2023
Read how we implement our commitments to the UK Stewardship Code and summarise our responsible investment activities and outcomes across all our asset classes.
