Universities Superannuation Scheme Limited (USS) – the trustee of one of the largest pension schemes in the UK – is delighted to announce Sandra Carlisle as the new Head of Responsible Investment at USS Investment Management Limited (USSIM), the principal investment manager and adviser to the scheme.
USSIM has announced that Mike will stand down on 31 March after 17 highly successfully years at USSIM, including over a decade leading the Private Markets Group (PMG).
USS has continued to meet the high standards of reporting to remain a signatory to the Financial Reporting Council’s (FRC) Stewardship Code.
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.
Universities Superannuation Scheme has published its annual Report and Accounts, covering the financial year to 31 March 2023 – a year marked by significant volatility across financial markets.
USS has today launched a consultation with Universities UK (UUK) on the trustee’s proposed funding assumptions and methodology for the scheme’s 2023 actuarial valuation and on the Statement of Funding Principles.
While we’re unable to discuss the recent press coverage relating to Thames Water, we can point to Thames Water’s latest announcement on shareholder funding.
Capita previously reported a cyber incident involving hackers targeting some of its computer servers. Capita have identified from their investigations that personal data of USS members was exfiltrated (i.e., accessed and/or copied) by the hackers. To help members monitor their personal information for certain signs of potential identity theft, they will be given access to a leading identity protection service, free of charge, and we are writing to them this week setting out how that will work.
Read how we implement our commitments to the UK Stewardship Code and summarise our responsible investment activities and outcomes across all our asset classes.
