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.
Universities Superannuation Scheme Limited – the trustee of the UK’s largest private pension scheme by way of assets – confirms the appointment of Ellen Kelleher as a new trustee director and the retirement of Rene Poisson from the USS Board.
Everyone at USS is motivated by a clear duty to keep members’ valuable pensions funded, so that members – and employers – can save for the future with confidence. We understand the concerns of USS members, faced with proposals connected with the 2020 actuarial valuation for higher contributions or benefits that will build up more slowly in the future.
Pluto Finance, a leading specialist property lender providing finance to small and medium-sized housebuilders, is pleased to announce a substantial strategic investment by the Universities Superannuation Scheme (“USS”), the UK’s largest private pension scheme with over £80bn assets under management.
The contributions members and employers pay into USS, and the way future retirement benefits are built up, are both set to change.
After six months of extended negotiations, USS’s Joint Negotiating Committee (JNC) has now determined how the funding challenges facing the scheme should be addressed. This comes almost two years after we first committed to holding a 2020 valuation.
Marian Elliott will join the USS Board as an independent non-executive director on 1 September 2021.
Read how we implement our commitments to stewardship and summarise our responsible investment activities and outcomes across all our asset classes.
