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You’re now receiving your pension and hopefully enjoying your retirement. But it’s still important to make sure your money works for you. Take a look through the information below to help you keep on top of your pension.

We want to make pensions easy to understand. Take a look through the explanations below to help you get to grips with your pension and the terms that come with it.

As the cost-of-living crisis dominates our headlines, it’s clear that many of us are anxious about making ends meet. When money is tight, it’s much harder to save money and plan for the future. This means that you might have been looking at your outgoings and taking measures to free up cash to cover day-to-day costs.

We take the amount of emissions a company we invest in emits and calculate how much of that company we own or invest in. So, if a company emits 1,000 tonnes CO2 and we own 2% of the company, the emissions financed by us would be 20 tonnes CO2.

The Private Markets Group (PMG) was established in 2007 and currently manages c. £18 billion in assets, comprising more than a quarter of USS’s total assets under management. These assets are managed by the largest team within USSIM, consisting of nearly 50 professionals from a wide range of background and experience.

You may have seen the recent media coverage concerning shareholder funding for Thames Water. This followed regulatory announcements made by Thames Water and Kemble on Thursday 28 March 2024. I want to reassure that this will have no significant or material impact on USS's funding position or the security of our members’ promised pensions.

Carol Young will succeed Bill Galvin later this year as Group Chief Executive of Universities Superannuation Scheme Ltd, the largest private pension scheme in the UK by assets.

There are two parts to your pension that work together. There’s the Retirement Income Builder, the defined benefit (DB) part, which gives you a guaranteed income in retirement. Then there’s the Investment Builder, the defined contribution (DC) part, which gives you a flexible savings pot for your future. Together, they make USS a hybrid pension.

The negotiations are carried out by the Joint Negotiating Committee (JNC), which is made up of representatives of Universities UK (UUK) on behalf of employers and Universities College Union (UCU) which represents members.