As the principal pension scheme for some of the country’s leading higher education institutions, we asked our colleagues to share their memories of student life and their journey to USS – where they look after the retirements of the people who taught them.
Financial markets have been analogous to Spain’s world famous Pamplona bull run over most of the past decade, with equities leading the charge. Born out of the financial crisis, quantitative easing and the search for real returns have engendered an asset price boom
Every three years, the Trustee must make judgements about how various expectations and risks will play out over the long-term and the short-term that could influence the scheme’s ability to pay members’ benefits. It must also review whether recent experience has met with previous expectations, and respond accordingly.
Earlier this year we learned that an historic settlement had been reached in a large and long-running legal case. The total value of the settlement is USD 3 billion (ie. USD 3,000,000,000). This is a genuinely historic settlement for a case of this kind – it’s the largest securities/investments class action settlement in over a decade, and is the largest settlement ever in a class action involving a non-US issuer (ie. Petrobras). It is the fifth largest class action settlement ever in the US.