Universities Superannuation Scheme
Overview
Universities Superannuation Scheme (USS) is the largest private pension scheme in the UK by fund size. It provides retirement benefits for academic and professional staff in UK universities and other higher education institutions. USS is a defined benefit scheme, meaning members' pensions are based on their salary and years of service, rather than the performance of investments. The scheme is responsible for managing investments to ensure that it can meet its future pension obligations to its members. It is regulated by The Pensions Regulator.
About Us
Established in 1974 following the consolidation of smaller plans, the Universities Superannuation Scheme (USS) provides pensions for university staff. Governed by a trustee board comprising employer and member representatives, USS operates as a trust-based scheme. The board is responsible for overseeing the scheme's management and ensuring its operation aligns with the best interests of its members. A core commitment of USS is to deliver sustainable and secure retirement benefits, achieved through effective management of investment risks. The scheme's structure ensures both employer and employee perspectives are considered in its governance and strategic direction, contributing to its long-term stability and the security of members' retirement savings. USS continuously monitors and adapts its investment strategies to navigate market fluctuations and regulatory changes, safeguarding the future financial well-being of its members. Furthermore, USS emphasizes transparency and open communication with its members, providing regular updates on scheme performance, investment strategies, and benefit options, ensuring they are well-informed about their retirement planning. This dedication to responsible management and member engagement underscores USS's commitment to providing reliable and valuable pension benefits for university staff. This proactive approach allows USS to effectively address challenges and opportunities in the evolving pension landscape, maintaining its position as a leading provider of retirement benefits in the higher education sector.
Vision
To be a leading provider of retirement benefits in the UK, recognized for our commitment to our members, our responsible investment practices, and our operational excellence.
Mission
To provide secure and sustainable retirement income for our members, while delivering value for money and operating in a responsible and transparent manner.
Headquarters
Pune
Specialties & Industries
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