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USS, the UK’s largest private pension scheme by way of assets, has launched its first mandate investing in asset-backed securities (ABS). Likely to exceed £1bn over the next couple of years, USS’s first ABS mandate will be focused on investment grade, publicly listed securities.

USS has released its first Stewardship Code, which describes how we implement our commitments to the UK Stewardship Code and summarise our responsible investment activities and outcomes across all of our asset classes, with a particular focus on the financial year 2020-2021.

Universities Superannuation Scheme’s Pensions Operations team has achieved the coveted Investors in People Gold accreditation. The award follows Pensions Operations achieving the Customer Service Excellence (CSE) accreditation for the second year in succession, with compliance-plus achieved in three areas.

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.

Universities Superannuation Scheme Limited (USS), one of the largest pension schemes in the UK, has appointed Dominic Gibb as their new Group Chief Financial Officer (CFO).

The Southern District of New York court on 2 February 2016 granted Universities Superannuation Scheme Limited (USS) motion for class certification in the action against Petróleo Brasileiro S.A. – Petrobras (Petrobras).

Sir Andrew Cubie has retired as Chair of USS’s Joint Negotiating Committee (JNC). He will be succeeded by Judith Fish of Dalriada Trustees Limited, an Accredited Professional Trustee and Fellow of the Institute and Faculty of Actuaries who has more than 25 years’ experience working in pensions as a scheme actuary, corporate adviser, employer and as a trustee.

USS has continued to meet the high standards of reporting to remain a signatory to the Financial Reporting Council’s (FRC) Stewardship Code. The FRC describes stewardship as “the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society”.

USS has today launched a consultation with Universities UK (UUK) on the trustee’s proposed funding assumptions and methodology for the scheme’s 2023 actuarial valuation and on the Statement of Funding Principles.