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On 6 October 2020, the USS Normal Pension Age will rise from 65 to 66. This means, if you’re retiring after that date, you’ll need to be 66 before you receive your Retirement Income Builder benefits in full.
2020 has been a year of uncertainty in many ways, but one thing that remains certain is our commitment to our members.
When USS began in 1974 you could buy a Mars Bar for a few pence, now you don’t get much change from a pound, and they are a lot smaller! So, what’s that got to do with your pension?
As part of the 2020 valuation, we’ll start a formal consultation with Universities UK (UUK) next week. It’s called the Technical Provisions consultation, and it will set out some proposals based on our work on the valuation methodology so far.
It’s around about now that a lot of our members start to really think about their future, as they plan their well-earned retirements to coincide with the end of the academic year.
Read about the latest update on the 2020 valuation.
Simon Pilcher, Chief Executive of USSIM, talks about changes to our investment strategy, which includes withdrawing from tobacco manufacturing.
Scammers are using the COVID-19 pandemic to con people out of their pension savings. Find out how to protect yourself from scams.
With the 2020 valuation providing a snapshot of our financial position as at 31 March 2020, market conditions are likely to paint a more negative picture than was anticipated before the COVID-19 pandemic.