Guy Coughlan - Chief Risk Officer In order to put a price on providing a promised £1 of pension for each year in retirement through the USS Retirement Income Builder, we’re effectively trying to predict the future.
Much has been written about USS’s investment performance recently, with some suggesting it is the reason the scheme is facing some difficult decisions – so I want to set out some facts to address this.
USS is the biggest pension plan in the UK by assets. Nevertheless, we are not immune to the substantial challenges of manufacturing retirement income in a world where the future looks more uncertain; these are well rehearsed, both for individuals and for scheme sponsors.