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This collaboration has been seeded with a USD3.1 billion portfolio of outstanding loans to a diversified portfolio of specialist direct lending funds originated by Credit Suisse over the course of H2 2014 and FY 2015, each of which is secured by an underlying portfolio of loans to medium-sized European companies.

Investment management charges won’t increase to pay for this development.

Carol Young will succeed Bill Galvin later this year as Group Chief Executive of Universities Superannuation Scheme Ltd, the largest private pension scheme in the UK by assets.

USSIM has announced that Mike will stand down on 31 March after 17 highly successfully years at USSIM, including over a decade leading the Private Markets Group (PMG).

USS is licensed to use Capita’s technology platform (Hartlink) to support pension administration processes that we operate through our in-house administration team. Capita have confirmed that data held on the Hartlink system has not been compromised. We continue to liaise closely with Capita but we have had no indication that USS member data has been affected.

We’d like to reassure you that Benefits built up in the Retirement Income Builder are protected by law and by the strength of the employers of the higher education sector in the UK

Your Retirement Income Builder benefits will not be impacted by COVID-19.

USS provides valuable benefits to your family or other dependants, if you die whilst paying into the scheme. We could also provide benefits, if you have to stop working because of ill health or incapacity.

Your contributions and Retirement Income Builder benefits are not expected to be impacted by COVID-19.