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The Lump Sum Allowance (LSA) is the limit on the total amount of certain tax-free lump sums that you will be able to receive before marginal rate taxation applies. The limit is £268,275 but may be higher if you have a former Lifetime Allowance (LTA) protection.

Under the terms of the arrangement USS has purchased long-term, inflation linked listed Notes from an SPV, Aysgarth Finance.

Universities Superannuation Scheme (“USS”), the UK’s largest private pension scheme by assets under management, is today announcing important interim targets to achieving its ambition to be net zero for carbon generated by its investments by 2050, if not before.

The Court of Appeal recently dismissed an attempt by two members of the scheme, Dr McGaughey and Prof. Davies, to bring proceedings against a number of current and former directors of USS’s corporate trustee potentially using scheme funds to do so.

The deficit, or funding gap, is based on the difference between the assets and liabilities of the scheme. When we carry out a valuation, we take into account the cost of future pension payments and the income we expect our investments to make in the future.

Under the Scheme Rules, you won’t be deemed to have retired if you start another role in which you can build a USS pension (with either your current or a new employer).

Financial planning is like planning a journey – where you’re going and how you’re going to get there. It’s taking a look at what you’ve got now, what you want in the future and putting a plan in place achieve it.

Modern slavery is a crime and a violation of fundamental human rights. It takes various forms, such as slavery, servitude, forced and compulsory labour and human trafficking, all of which have in common the deprivation of a person’s liberty by another in order to exploit them for personal or commercial gain.