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We agree that we must do more to achieve our interim targets, and to support the global transition to Net Zero, but this will be a journey – one that we’re addressing with great seriousness and commitment.

A move away from fossil fuels must be a transition not a cliff edge: recognising that fossil fuels have a role to play in the near term to ‘keep the lights on’, but for most sectors fossil fuels won’t be there in the long term.

If the companies in which we invest have released science-based targets and that information is collected by S&P Trucost – our climate data provider – it will be reflected in our reporting.

Firstly, it’s important to note that prudent expectations for investment returns (upon which we base the discount rate) are, by definition, not a ‘best estimate’. They reflect a wide range of factors – not just one potential version of the future in isolation.

Employment in the Higher Education sector has evolved, with more mobility amongst academics, but also increases in the number of professional services staff enrolled into the USS pension. This has meant more members leaving with less than two years’ service who until 1 April 2022 had different options available to them compared to those members with more than two years’ service.

For information on maternity, paternity, shared parental leave or family leave, take a look at becoming a parent.

No. There is no cost to USS members or the scheme. The service is being provided on a complimentary basis by Capita.

We’ll pay a combination of benefits to your beneficiaries as if you’d died while paying in to USS and if you’d died after you’d retired, up to a maximum limit.

It’s up to you. You could take everything, nothing, or just a bit from your Investment Builder pot when you retire flexibly or fully.