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Universities Superannuation Scheme Limited (USS) has participated in a follow-on acquisition of Yorkshire Water’s inflation linked notes backed by Yorkshire Water inflation swap cash flows. These Notes have been issued by an SPV, Aysgarth Finance.

MADRID - 20 June 2018 - Redexis Gas, a leading company specialising in natural gas distribution and transmission as well as liquefied petroleum gas distribution and supply in Spain, announced today that ATP, USS and GT Fund, jointly with CNIC, have completed the acquisition of 50.1% of Redexis Gas from GSIP.

Everyone in USS is deeply saddened to learn that Dave Guppy, a UCU appointee to the USS board, died suddenly on Tuesday 3 December. He served the scheme for two periods as trustee, and contributed hugely to the board and to USS. We extend our sincere condolences to his partner Aine and his family. Professor Sir David Eastwood, Dr Steve Wharton and Bill Galvin opened this year’s USS Institutions' Meeting by paying tribute to Dave Guppy.

Following the announcement made earlier today by Petrobras, USS is pleased to announce that it has reached an agreement with Petrobras in principle to partially settle the securities class action against Petrobras and its related entity, Petrobras International Finance Company, as well as certain of Petrobras’ former executives and directors in the Southern District of New York.

Universities Superannuation Scheme Limited – the trustee of the UK’s largest private pension scheme by way of assets – today announces a number of board changes including the official start date of new Chair, Dame Kate Barker.

USS has welcomed the recent G7 leaders' declaration on climate change which include key commitments on reducing emissions and fossil fuel subsidies.

Universities Superannuation Scheme has published its 2020 annual Report and Accounts, noting strong long-term investment returns but a sharp rise in its funding deficit due to the impact of Covid-19. Investment returns for the scheme’s DB fund averaged 6.19% pa over the five years to 31 March 2020 (worth £17.4bn and 0.91% pa above benchmark). According to the latest independent analysis, USS saves £49 million a year compared to its peers by managing most of its investments in-house.

See how you can maximise your finances – read some top tips for financial planning and consider your short, medium and long term savings goals.

The stock market fluctuations have impacted the funding level of the scheme, but this does not affect our ability to pay the pensions promised to members.