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Find out more about how we oversee our fund managers and external managers across both Private and Public Markets.

There are all sorts of things that can change with your job, which could impact your pension. These include changing employers, a promotion or changing your working hours, for example.

Essential details of how the scheme works and what it means to be a member

Unlike defined contribution (DC) pensions, where members’ benefits depend on how investments perform, a defined benefit (DB) pension is a guaranteed income for life based on a formula linked to salary and years of service. One of our key legal duties as trustee is to ensure the pensions promised to members (our liabilities) can and will be paid when they fall due. This shapes how we invest: by design, our approach does not target absolute returns above all else but rather aims to outperform the scheme’s liabilities and improve the funding position.

There could be a number of reasons why you're thinking of leaving USS. But whatever your reason, we're here to help you understand your options and what you need to do next.

Complete this form to nominate a financial dependant to receive the equivalent of the husband/wife/civil partner/ dependent partner’s pension if you die.

The pandemic has had a severe effect on the global economy, and so has affected growth forecasts. But even before the pandemic, the scheme was facing very challenging conditions.

Find out how savvy you are when it comes to spotting a scam – take our quiz.

Within a day of formally being informed, we published an update and an initial set of Q&As (available via our homepage) to address immediate questions – and began to email members.