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We manage the scheme in line with the law and scheme rules, and we strive to run it fairly and efficiently for our members. But there may be times when you have a comment or complaint about an aspect of how we operate.

The Joint Negotiating Committee (JNC) has appointed Lawrence Churchill CBE as its independent Chair, following Akbar Khan’s decision to stand down after almost two years in the role.

We have £67.6bn in assets and our in-house investment management team directly manages almost 70% of these. They invest in Private and Public Markets in a whole range of different assets across the world. By actively investing in such diverse markets, we have more opportunities to provide better returns to help towards your financial future.

USS conforms with the Modern Slavery Act and our position is set out in more detail in our Modern Slavery Act statement.

Climate change is a significant financial risk – one that’s increasingly reshaping the way we look at our investments and their long-term returns. As we publish our latest TCFD report, I talk to the progress we’re making towards our ambition for our investments to be net zero by 2050, if not before. I also talk to our enhanced climate scenario analysis which uses our updated climate scenarios to strengthen our assessment of transition risks and we’ve incorporated physical risks in our scenario analysis for the first time.

USS is proud to have been a signatory to the Stewardship Code since 2021. We have now submitted our third report to the Financial Reporting Council (FRC), setting out how active stewardship remains an important aspect of our investment approach.

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.

It’s coming up to two years since the date of the 2020 valuation. What’s been happening to the funding position in that time and where do things stand today?

The JNC has recommended to the trustee a modification to the benefit changes it proposed in August 2021.