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Marian Elliott will join the USS Board as an independent non-executive director on 1 September 2021.

Essential details of how the scheme works and what it means to be a member

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Universities Superannuation Scheme (USS) has continued to deliver good outcomes for members and employers in challenging conditions, according to its annual report published today. Despite volatile market conditions, the USS Retirement Income Builder (the defined benefit element of the scheme) grew by £3.8bn to £67.4bn over the financial year to end March, taking growth over the last five years to £26bn.

Simon Pilcher, Chief Executive of USSIM, talks about changes to our investment strategy, which includes withdrawing from tobacco manufacturing.

See what two leading independent experts think about some of the most common ways to save for your future.

Employment in the Higher Education sector has evolved, with more mobility amongst academics, but also increases in the number of professional services staff enrolled into the USS pension. This has meant more members leaving with less than two years’ service who until 1 April 2022 had different options available to them compared to those members with more than two years’ service.

How investment decisions are made. USSIM is the principal investment manager and adviser to the Trustee - delivering the majority of the investment mandates through its in-house team and the balance through carefully chosen external managers.

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