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Universities Superannuation Scheme – the UK’s largest private pension scheme by way of assets – has appointed a new Chief Pensions Officer.

You’re now receiving your pension and hopefully enjoying your retirement. But it’s still important to make sure your money works for you. Take a look through the information below to help you keep on top of your pension.

If you were a USS member before 2016, you would’ve built your benefits in a different way to how you do now with the Retirement Income Builder and the Investment Builder. And if you left USS and later re-joined, you may have built up a mixture of benefits.

You can usually change your mind about the retirement options you’ve chosen, as long as you give us enough notice.

Market conditions at 31 March 2020 were extraordinary, fuelled by the initial impact of the Covid-19 pandemic on the global economy. But they were not universally negative for the valuation: asset prices crashed, increasing the deficit in respect of pensions already promised – but lower market prices meant the outlook for future investment returns was unusually high -lowering the ‘future service cost’

Yes. You’ll need to apply to change your eligibility criteria and your request would still be subject to an application process.

In early May, USS announced its first investment in solar energy. Mike Powell, Head of Private Markets, explains why renewable energy is a growing area of focus for investment.