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Universities Superannuation Scheme (USS) has continued to deliver good outcomes for members and employers in challenging conditions, according to its annual report published today. Despite volatile market conditions, the USS Retirement Income Builder (the defined benefit element of the scheme) grew by £3.8bn to £67.4bn over the financial year to end March, taking growth over the last five years to £26bn.

The Trustee of USS has today launched a consultation with Universities UK (UUK) on key aspects of the pension scheme’s 2020 valuation.

The International Organisation for Standardisation (ISO) has approved USS’s application for ISO 27001:2013, a sought-after accreditation in information security.

Ontario Teachers’ Pension Plan (Ontario Teachers’) and Universities Superannuation Scheme Limited (USS) today announced the acquisition of Westerleigh Group (Westerleigh), the UK crematoria developer and operator, from Antin Infrastructure Partners (Antin). The transaction is expected to close by year end.

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.

Our annual Institutions’ Meeting was held on Thursday 30 November at the Royal College of Physicians in London.

For now, arrangements for transferring out of USS are unchanged.

Generally, the answer to this is yes, If you’re not sure whether any of the above apply to you, speak to the USS pensions contact at your workplace.

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