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Following the disclosure from Ferrovial SE, we can confirm that USS has completed the sale of a 7.90% stake in FGP Topco Limited (parent company of Heathrow Airport Holdings Ltd), alongside certain other shareholders, for consideration of £684m, retaining a 2.10% shareholding.

To help you keep planning for the future, it’s important to know what will happen to your benefits and savings when you die

An archive of information from the 2017 valuation.

Delivering Value for Money is a key objective for the scheme. We run the scheme in the interests of stakeholders and this is central to our strategy and spending decisions.

This depends on the circumstances of your employment. We have a factsheet that covers absence in the resources area.

When I reached the age of 21, it was still compulsory to join a pension scheme and it was a bit of a shock when I got my next payslip to see a pension contribution deduction and net pay. But fast forward to now, and I’m grateful it was compulsory.

If you joined since 31 March 2025, you won’t receive a statement this year. If you can’t see your statement in the documents section of My USS, then there could be several reasons why you may not have received a statement at the same time as your colleagues. If you haven’t received your statement, please contact us.

If you exceeded the standard statutory Annual Allowance (AA) of £60,000 (or if applicable the Money Purchase Annual Allowance of £10,000) for the period 6 April 2024 to 5 April 2025, we’ll send you a separate statement. The statement only accounts for the value of your USS benefits and savings, it does not include any other pension savings you may have outside of USS.

It’s useful to think about what sort of lifestyle you want when you retire. That could be anything from going on holiday a couple of times a year, to just paying your bills and having the occasional treat.