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Protecting the pension promises made to our members.

Universities Superannuation Scheme has published its annual Report and Accounts, covering the financial year to 31 March 2022. At 31 March 2022, total assets under management were £90.8bn (2021: £82.2bn). Its defined benefit (DB) fund stood at £88.9bn (2021: £80.6bn), while its defined contribution (DC) assets totalled £1.9bn (2021: £1.6bn).

The Universities Superannuation Scheme (USS), has further demonstrated its commitment to UK infrastructure by increasing its stake in Thames Water, the country’s largest water and wastewater company with 15 million customers in London and the South East.

USS Limited, the trustee of the Universities Superannuation Scheme, reports that Ian Maybury has given notice to resign from his post as a trustee director.

You can book a Pension Wise guidance appointment online on the Moneyhelper website. You can also call Pension Wise on 0800 138 3944 or if you’re outside the UK call +44 20 3733 3495. Lines are open between 8am to 8pm Monday to Friday.

The challenges facing Thames Water are the manifestation of historic under-investment over multiple decades and, more recently, the significant financial impact of soaring energy prices and other inflationary cost pressures. However, we have given our backing to Thames Water’s latest business plan.

Global energy company Shell has committed to take significant additional action on climate change, including a commitment to achieve net zero emissions. This is the outcome of engagement with investors as part of Climate Action 100+, led by the Church of England Pension Board and Robeco with the support of other investors, including USS and APG on behalf of ABP, among others.

Universities Superannuation Scheme Limited – the trustee of the UK’s largest private pension scheme by way of assets – has agreed the terms of a major investment in bp’s freehold property estate of 199 UK forecourts.

USS is pleased to announce that it has won the ‘Portfolio Construction’ award of the year at the 2016 (CIO) Magazine Innovation Awards.