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Latest corporate news

Keep up to date with the latest corporate news from USS

  • 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.

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  • 2 May 2023

    USS statement on Capita 'cyber incident'

    USS is licensed to use Capita’s technology platform (Hartlink) to support pension administration processes that we operate through our in-house administration team. Capita have confirmed that data held on the Hartlink system has not been compromised. We continue to liaise closely with Capita. Our processes and member response times continue to operate as normal.

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  • 28 March 2023

    USS announces new Group Chief Executive

    Carol Young will succeed Bill Galvin later this year as Group Chief Executive of Universities Superannuation Scheme Limited, the largest private pension scheme in the UK by assets.

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  • 20 February 2023

    USS publishes latest monitoring report

    USS has published a note from Bill Galvin, Group Chief Executive, updating sponsoring employers on the scheme’s latest Financial Management Plan monitoring report – which gives an indication of the funding position at the end of December 2022.

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  • 2 December 2022

    The 2022 Institutions’ Meeting

    USS held its latest Institutions’ Meeting recently, giving the scheme’s sponsoring employers the opportunity to hear about the trustee’s performance and priorities, and to ask questions.

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  • 1 November 2022

    USS achieves Customer Service Excellence accreditation

    Universities Superannuation Scheme Limited (USS) – the trustee company of the largest private pension scheme in the UK by assets – has achieved the Customer Service Excellence (CSE) quality mark.

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  • 10 October 2022

    USS statement in response to recent media coverage on Liability-Driven Investment (LDI) strategies

    Some UK defined benefit (DB) pension schemes have been experiencing liquidity issues linked to Liability-Driven Investment (LDI) strategies and recent unprecedented changes in the value of index-linked UK government bonds.

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Stewardship Report 2025

Read how we implement our commitments to stewardship and summarise our responsible investment activities and outcomes across all our asset classes.

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