Universities Superannuation Scheme has published its annual Report and Accounts, covering the financial year to 31 March 2022. At 31 March 2022, total assets under management were £90.8bn (2021: £82.2bn). Its defined benefit (DB) fund stood at £88.9bn (2021: £80.6bn), while its defined contribution (DC) assets totalled £1.9bn (2021: £1.6bn).
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, the UK’s largest private pension scheme by way of assets, has today published an in-depth report on its approach to Responsible Investment – evidencing its commitment to stewardship, sustainability and good corporate governance.
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.
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.
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.
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.
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.
A statement from USS in relation to its Russian-related investments following the invasion of Ukraine.
Read how we implement our commitments to stewardship and summarise our responsible investment activities and outcomes across all our asset classes.
