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USS announced that it has committed €150 million (£126m) in the form of a convertible loan to Globalvia Inversiones, S.A which is a portfolio of 20 core infrastructure companies based in seven countries around the world.

Under the terms of the arrangement USS has purchased long-term, inflation linked listed Notes from an SPV, Aysgarth Finance.

USS has published its annual Report and Accounts for 2015/16, a period in which the trustee has continued its transformational investment in both the asset management business and in pensions administration systems.

We will monitor the funds closely and have put in place a number of measures to ensure that the introduction of Private Market assets won’t affect your ability to switch or access your Investment Builder funds.

These are assets, like infrastructure, that we buy and hold for a long period of time.

Capita recently reported a cyber incident involving hackers targeting some of its computer servers – potentially impacting several of the cross-sector businesses it serves. We use Capita’s technology platform (Hartlink) to support our in-house pension administration processes and have been liaising closely with the company over the course of its forensic investigations.

Your contributions and Retirement Income Builder benefits are not expected to be impacted by COVID-19.

Our retirement checklist will help you understand how to prepare for your future.

Benefits you’ve already earned are protected by law and the Scheme Rules, so will not be affected. The valuation is about making sure the scheme can meet the commitments employers have already made.