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I joined USS Investment Management at the start of the year from BlackRock, in order to build on some of the great work that had already been done in our fixed income business area. This part of our portfolio, which includes all fixed income, treasury and trading is focussed on classes of investments which are well-suited to a pension scheme as they provide more certain and secure returns, while matching some of the risks associated with our liabilities.

We were delighted to receive the ICGN’s Global Stewardship Disclosure Award 2022 (for asset owners above £60bn) for our full range of disclosures, particularly our Stewardship Code Report, full and summary TCFD Reports and our web content. This demonstrates our commitment to Responsible Investment, our important work in this area, and our approach to transparency.

With Enhanced Opt Out (EOO), you stop building up retirement benefits, but keep your life and ill health cover. This could be useful if for example you're close to or over the Lifetime Allowance (LTA). Take a look at what happens when you die and ill health retirement for more information.

Get things up and running. Here are a few things you can start doing to make sure you're getting the most out of your pension with us.

There may be instances where you want to make changes to your investment choices or switch from the Do It For Me option to the Let Me Do It option (or vice versa). In most cases, you can switch whenever you want (we may charge if you make frequent switches).

If you have pension savings elsewhere that you haven’t started taking and the scheme is registered with HMRC, you could transfer the pension benefits to the Investment Builder from most pension schemes.

If you no longer have a UK bank account, Citibank offers a service where your pension can be paid directly to an overseas bank account.

We won’t charge to transfer other pension savings in to USS. But there will be investment management fees that you should be aware of for pension savings transferred in to your Investment Builder pot.

You can contact USS via the Make an enquiry section within My USS. Alternatively, you can speak to the Member Service Team on 0333 300 1043 (lines are open 9am-5pm Monday-Friday). Choose Option 1. You can also write to us at Universities Superannuation Scheme Limited, Royal Liver Building, Liverpool, L3 1PY.