28 September 2022
USS Chief Executive announces decision to step down in 2023
Bill Galvin has informed the USS Board of his decision to stand down as the scheme’s Group Chief Executive.
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7 September 2022
FRC gives USS its stamp of approval on high standards of stewardship
USS has retained its position as a signatory to the Financial Reporting Council’s (FRC) Stewardship Code.
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26 July 2022
USS agrees Butlin’s ground rent deal
USS completes £300m ground rent agreement to acquire Butlin’s real estate sites at Skegness, Minehead and Bognor Regis.
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24 July 2022
USS publishes 2021/22 Report and Accounts
Universities Superannuation Scheme has published its annual Report and Accounts, covering the financial year to 31 March 2022. At 31 March 2022, total assets under management were £90.8bn (2021: £82.2bn). Its defined benefit (DB) fund stood at £88.9bn (2021: £80.6bn), while its defined contribution (DC) assets totalled £1.9bn (2021: £1.6bn).
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21 June 2022
USS launches its first asset-backed securities mandate
USS, the UK’s largest private pension scheme by way of assets, has launched its first mandate investing in asset-backed securities (ABS). Likely to exceed £1bn over the next couple of years, USS’s first ABS mandate will be focused on investment grade, publicly listed securities.
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26 May 2022
USS publishes Stewardship Code report
USS, the UK’s largest private pension scheme by way of assets, has today published an in-depth report on its approach to Responsible Investment – evidencing its commitment to stewardship, sustainability and good corporate governance.
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24 May 2022
USS statement
A hearing was held at the High Court in April to establish whether four claims, brought by two members of USS, against directors of the scheme’s trustee company should proceed to trial. After considering the claim mechanism used and the substance of the claims, the High Court has found that the case should not proceed.
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19 May 2022
12 leading UK pension funds to collaborate in support of climate transition in emerging markets
A group of 12 leading UK pension funds convened by the Church of England Pensions Board, representing £400bn assets under management and working on behalf of over 18 million members, will jointly consider how to support the climate transition in emerging markets.
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19 May 2022
USS statement
On Thursday 19 May 2022, Professor Hutton withdrew her Employment Tribunal claim against USS. This was Professor Hutton’s unilateral decision – there is no settlement agreement. The trustee has decided not to pursue Professor Hutton for its costs.
Stewardship Report 2023
Read how we implement our commitments to the UK Stewardship Code and summarise our responsible investment activities and outcomes across all our asset classes.
