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If you’re getting close to your Lifetime Allowance (LTA) or Annual Allowance (AA) limits and you earn over the salary threshold , you could use a Voluntary Salary Cap (VSC) to help manage the amount of tax you pay on the benefits you build up and on your salary. But if you use VSC, you’ll build fewer USS benefits.

Universities Superannuation Scheme Limited (USS) has reached an agreement with Petrobras’s auditor, PwC Brazil, to settle claims brought against it as part of a class securities action. The settlement with PwC Brazil (PricewaterhouseCoopers Auditores Independentes) is valued at $50m.

Delivering value for money is a key focus for the scheme and our performance in this area is reviewed in depth by the Trustee Board on an annual basis

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A review of Investment Builder performance against the investment balanced scorecard.

TPR is also clear in its letter of 14 July 2021 to USS, shared with the Joint Negotiating Committee, that it expects the 2020 valuation to be completed “without delay, regardless of any decision in relation to a potential 2021 valuation…Any decision by the Trustee to conduct a 2021 valuation should not be seen as an opportunity by stakeholders to avoid or defer difficult decisions, making it less likely that an appropriate, sustainable outcome can be reached for the 2020 valuation in a reasonable timeframe…one of the options it may be appropriate for us to consider would be to set out a timetable for completion of the 2020 valuation in the form of an improvement notice.”

The Universities Superannuation Scheme Limited board is supported by eight senior executives, providing a breadth of operational and financial skillsets.