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.
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.
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.
A statement from USS in relation to its Russian-related investments following the invasion of Ukraine.
At a hearing yesterday (Monday, 28 February 2022) in the claim brought by two members of the Universities Superannuation Scheme for a derivative action against the directors of the trustee, the judge ordered a future hearing for both sides to attend to determine whether permission should be given for the claim to proceed. This was after initially refusing to allow even this step when the application was made on the papers.
Universities Superannuation Scheme, the UK’s largest private pension scheme by assets under management, is today announcing important interim targets to achieving its ambition to be net zero for carbon generated by its investments by 2050, if not before.
Universities Superannuation Scheme Limited – the trustee of the UK’s largest private pension scheme by way of assets today announces the appointment of Alain Kerneis as a new trustee director.
USS Investment Management, the wholly-owned investment arm of the Universities Superannuation Scheme, today announces its intention to introduce a climate “tilt” to a portion of the Global Developed Markets Equity component of the defined benefit and defined contribution funds held by the scheme. This change will affect over £5bn of assets under management.
The Universities Superannuation Scheme (USS), has further demonstrated its commitment to UK infrastructure by increasing its stake in Thames Water, the country’s largest water and wastewater company with 15 million customers in London and the South East.
Read how we implement our commitments to stewardship and summarise our responsible investment activities and outcomes across all our asset classes.
