The 2020 valuation
The contributions members and employers pay into USS, and the way future retirement benefits are built up, are both set to change.
The contributions members and employers pay into USS, and the way future retirement benefits are built up, are both set to change.
After six months of extended negotiations, USS’s Joint Negotiating Committee (JNC) has now determined how the funding challenges facing the scheme should be addressed. This comes almost two years after we first committed to holding a 2020 valuation.
Marian Elliott will join the USS Board as an independent non-executive director on 1 September 2021.
Universities Superannuation Scheme has published its annual Report and Accounts, covering the financial year to 31 March 2021.
USS Investment Management, the wholly-owned investment management arm of the Universities Superannuation Scheme, has announced that Janet Oram has been appointed to the new role of Head of Asset-backed Securities (“ABS”). She joins USS from BlackRock where she was Managing Director and Head of European ABS.
USS Limited, the trustee of the Universities Superannuation Scheme, reports that Ian Maybury has given notice to resign from his post as a trustee director.
USS has released its first Stewardship Code report, which describes how we implement our commitments to the UK Stewardship Code and summarise our responsible investment activities and outcomes across all of our asset classes, with a particular focus on the financial year 2020-2021.
USS has taken a 50% stake in Bruc Energy, a Spain and Portugal renewables-focussed investment vehicle created by Canadian pension fund OPTrust and the Spanish businessman, Juan Béjar.
Universities Superannuation Scheme Limited – the trustee of the UK’s largest private pension scheme by way of assets – has reinforced its view of climate change as a financial risk to the returns generated by its assets by announcing its ambition to be net zero for carbon by 2050, if not before.
Read how we implement our commitments to stewardship and summarise our responsible investment activities and outcomes across all our asset classes.