USS Investment Management Limited, acting on behalf of the Universities Superannuation Scheme (‘USS’) – the UK’s largest private pension scheme by way of assets – has today announced plans to exclude and, where necessary, divest, from companies in sectors that have been deemed financially unsuitable for the pension scheme over the long-term.
Global energy company Shell has committed to take significant additional action on climate change, including a commitment to achieve net zero emissions. This is the outcome of engagement with investors as part of Climate Action 100+, led by the Church of England Pension Board and Robeco with the support of other investors, including USS and APG on behalf of ABP, among others.
Universities Superannuation Scheme has today issued a technical discussion document to its sponsoring employers. It marks the start of a six-week phase of engagement with employers on the 2020 valuation, which will be based on a ‘snapshot’ of the Scheme’s funding position on 31 March 2020.
USS, alongside Japan’s Government Pension Investment Fund (GPIF) and the California State Teachers’ Retirement Scheme (CalSTRS) released a statement emphasising our commitment to long-term investing and ESG.
USS Investment Management, the wholly-owned investment management arm of the Universities Superannuation Scheme, has announced a plan to reshape its developed equity markets away from traditional stock-picking and towards a longer-term thematic approach which better leverages its internal investment capabilities in matching its pension liabilities.
Universities Superannuation Scheme – the UK’s largest private pension scheme by way of assets – has become one of the first schemes of its kind to enable members of its Defined Contribution (DC) “Investment Builder” funds to enjoy the benefits of its “private markets” investments.
The Dame Katharine (Kate) Barker will become Chair of the country’s largest private pension scheme later this year, when Professor Sir David Eastwood retires from the USS Trustee Board.
The Joint Expert Panel (JEP) assembled by UUK and UCU has published its second report looking at approaches and recommendations for future scheme valuations.
Everyone in USS is deeply saddened to learn that Dave Guppy, a UCU appointee to the USS board, died suddenly on Tuesday 3 December. He served the scheme for two periods as trustee, and contributed hugely to the board and to USS. We extend our sincere condolences to his partner Aine and his family. Professor Sir David Eastwood, Dr Steve Wharton and Bill Galvin opened this year’s USS Institutions' Meeting by paying tribute to Dave Guppy.
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