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It’s coming up to two years since the date of the 2020 valuation. What’s been happening to the funding position in that time and where do things stand today?

An archive of information from the 2017 valuation.

Our valuation for 2020 will be based on a 'snapshot' of the Scheme on 31 March 2020. However, the process itself will run well into 2021. By law, we must complete it within 15 months - so by 30 June 2021. There are a number of milestones we need to reach on the way, set out in this timeline.

ESG – Environmental, social and governance criteria underpin how we assess the impact of an investment and the way companies we invest in are run.

As the cost-of-living crisis dominates our headlines, it’s clear that many of us are anxious about making ends meet. When money is tight, it’s much harder to save money and plan for the future. This means that you might have been looking at your outgoings and taking measures to free up cash to cover day-to-day costs.

This website www.uss.co.uk ("website") is owned and operated by Universities Superannuation Scheme Limited ("USS/we/us"), a company registered in England and Wales under company number 01167127 and whose registered office is Royal Liver Building, Liverpool L3 1PY.

Climate change is a significant financial risk – one that’s increasingly reshaping the way we look at our investments and their long-term returns. As we publish our latest TCFD report, I talk to the progress we’re making towards our ambition for our investments to be net zero by 2050, if not before. I also talk to our enhanced climate scenario analysis which uses our updated climate scenarios to strengthen our assessment of transition risks and we’ve incorporated physical risks in our scenario analysis for the first time.

When taking investment risk to fund the pensions promised to members, we are relying on the scheme’s sponsors – its participating employers – to effectively underwrite that risk.