Pensions
UK’s Largest Pension Fund Loses 1.7% in Fiscal 2020 But Beats Benchmark
Universities Superannuation Scheme reports 6.19% five-year return.
Tag: Universities Superannuation Scheme
Asset Allocation
USS Targets Tobacco, Thermal Coal for Divestment, Exclusion
UK’s largest pension plan will shun investments, like tobacco and coal, it deems ‘financially unsuitable.’
Market Moves
Trio of Pension Giants Takes on ESG Naysayers
CalSTRS, USS, Japan’s GPIF warn public companies and asset managers to adapt or die.
Pensions
UK Universities Launch Largest Strike in History over ‘Radical Changes’ to Pension Plan
University staff start 14 days of strikes at more than 70 campuses.
Asset Allocation
Massive UK Pension to Cut Its External Hedge Fund Portfolio in Half
The Universities Superannuation Scheme intends to utilize its in-house investment team over managers.
Asset Allocation
UK Universities Superannuation to Give DC Plan Access to Private Markets
UK’s largest private pension opens £17 billion portfolio to 85,000 defined contribution members.
News
Workers Strike at 60 UK Universities Over Pensions, Pay
Union members balk at decision to raise employee contributions to 9.6% of salary.
UK Universities Superannuation Scheme Underperforms in Fiscal Year
Brexit woes, global economic uncertainty amid fund’s top concerns.
Corporate Moves
UK’s Largest DB Plan Gets New CEO/CIO
Ex-M&G Prudential head Simon Pilcher will take over the UK’s Universities Superannuation Scheme from Roger Gray.
Asset Management Culture
CIO of UK’s Biggest Pension Plan to Exit
Roger Gray, who nearly tripled the Universities Superannuation Scheme’s assets over 10 years, will leave in September.
Lib Dem Leader Demands UK Government Take Action on Universities Pension Strike
Universities Minister Gyimah calls on UUK, UCU ‘get back to the negotiating table, without preconditions.’
Over 1 Million UK Students Will Be Affected by Pensions Strikes
Strikes began Thursday over plans to remove defined benefit element from university employees’ pensions.
UK University Employees to Vote on Strike over Pension Changes
Union calls for strike over proposal to move participants into defined contribution plans.
Newsmakers
UK Higher Ed Employers Propose Switching USS Fund to DC from DB
Plan spurs call for strikes at major universities, including Oxford and Cambridge.
Universities Superannuation Pension Reports 20.1% Return
However, liabilities outpaced investments, increasing the fund’s deficit.