USS has ‘materially’ reduced exposure to Israeli stocks and debt following pressure from members
Pension fund says writedown of stake in troubled utility will ‘influence’ its approach
Universities Superannuation Scheme owns 20% stake in troubled utility that is in effect worthless
Head of Universities Superannuation Scheme urges the government not to engage in excessive intervention
USS writedown comes as the utility is seeking to raise £2.5bn of new equity
Universities Superannuation Scheme records a surplus after more than a decade in deficit due to sharp rise in interest rates
The Pensions Regulator’s scrutiny comes after plans emerge for a bailout of the utility
UK’s biggest private sector pension plan says private details of members were on outsourcer’s hacked servers
Nest and four other UK retirement funds will vote against the chair’s reappointment
Largest private-sector retirement scheme, with fund of £90bn, tells regulator of ‘deep misgivings’ over proposals
USS and Border to Coast’s plan follows companies backtracking on emissions targets
UCU threatens to ‘bring entire sector to a standstill’ after securing landmark mandate
Universities including Oxford, Cambridge and Imperial College advised £90bn USS of ‘significant risks’
College staff condemn payment to Universities Superannuation Scheme boss after facing retirement benefits cuts
Younger workers could lose up to £200,000 under benefits changes introduced in April, analysis shows
Union insists cuts to benefits imposed in April can be reversed but employers stand firm
Head of universities sector scheme suggests changes that led to widespread strike action might be adjusted
Staff who kept universities afloat during the pandemic deserve dignity in work and retirement
Largest private scheme by assets plans to invest £500mn in new decarbonisation strategy
It is a fallacy to suppose that a fund could be insured against the direst outcomes
Move also seeks to speed up the Universities Superannuation Scheme’s efforts to divest from fossil fuel companies
Move follows vote by committee to back proposals to cut funding shortfall in main retirement scheme
Misguided policies threaten the security in retirement of almost everyone working in the UK private sector
Union accuses fund of ‘failing to come clean’ over impact on defined benefit schemes
But plan draws criticism from academics seeking swift exit from fossil fuels
