Pensions - Latest News

Please visit this area of the site on a regular basis to keep up to date with current news from both USS and SAUL pension schemes, as well as the latest information from the School regarding matters that may be of interest to you or assist you with your pensions engagement.

USS Pensions: Data Breach

There was a recent cyber security incident linked to USS, one of our pension providers at LSE, where some member data stored by their technology partner Capita may have been compromised. We've been reassured that all pensions remain secure and cannot be accessed with any compromised data. Members have been contacted directly and you can find more information on the USS website.

MORE INFORMATION 

Pensions Advisory Group – Membership Invite

USS 2020 Valuation Webpages

You can find a guide and read the latest updates from USS on the progress of the 2020 actuarial valuation.

USS 2018 Valuation Webpages

View the conclusion of the 2018 USS actuarial valuation, along with a history of updates on the process.

USS 2017 Valuation Webpages

View the conclusion of the 2017 USS actuarial valuation, along with a history of updates on the process.

Pensions Advisory Service

If you would like an alternative source for information and guidance, you can contact The Pensions Advisory Service (TPAS). TPAS provides independent and impartial information and guidance about pensions, free of charge, to members of the public.

Telephone number:      0300 123 1047

USS member newsletter

Access the latest monthly newsletter from USS and review previous monthly member e-mails. 

USS valuation and reform news (Click here to expand)

LSE Response to comments on final package of proposed measures for the 2023 USS Valuation - October 2023

Read the School's response to the final package relating to the 2023 USS valuation.

Consultation on Trustee proposed Technical Provisions for 2023 actuarial valuation – LSE response

Read the School's response to the UUK consultation on proposed Technical Provision for the 2023 actuarial valuation.

LSE comments upon initial USS/UUK investigation into Conditional Indexation - June 2023

LSE Letter to UUK in response to March 2022 funding monitoring updated - June 2022

Open letter to USS iro proposed investment strategy – 26 April 2022

In response to a Trustee consultation on changes to the Statement of Investment Principles (“SIP”) and the proposed Valuation Investment Strategy (“VIS”), the attached letter provides a joint response to USS following discussions with LSE and other institutions.

USS Trustee FAQs

The USS Trustee invited questions from the Member Voice Panel in respect of questions which individual members are expected to have regarding the scheme changes resulting from the 2020 valuation.  You can view those questions and the Trustee answers here.

LSE Response to consultation on UCU proposals to conclude the 2020 valuation – 18 Feb 2022

 LSE Reponse to consultation on amendment to UUK proposals iro USS benefit changes – 11 Feb 2022

Overview of LSE staff responses to consultation on proposed changes to USS pension scheme April 2022”

Read the overview of the staff response to the consultation on proposed changes to the USS pension scheme.

UUK Topical FAQ’s and Resources – November 2021 

Universities UK (UUK) is the nominated formal representative for employers in the USS scheme.  To assist employers in responding to a number of commonly raised questions regarding the USS 2020 valuation and ongoing consultation regarding proposed changes to the scheme, they have released an FAQ document designed to help address some of these questions and provide links to additional supporting material.

School update regarding USS Consultation on proposed benefit changes - October 2021

 

LSE Response to short consultation on modification to indicative outcome to the 2020 valuation - July 2021

Read the Schools full response to the consulation on modifcations to the indicative outcome of the 2020 valuation.

LSE Respone to UUK consultation on indicative outcomes of the 2020 USS valuation - May 2021

Read the Schools full response to questions asked by UUK regarding the indicative outcomes of the 2020 USS Valuation.

LSE USS 2020 Valuation Consulation response Summary - May 2021

Read a summary of the Schools response to questions asked by UUK regarding the indicative outcomes of the 2020 USS Valuation.

LSE Response to USS consultation on 2020 Technical Provisions – October 2020

Read the Schools response to questions asked by UUK regarding the Technical Provisions of the 2020 USS Valuation.

LSE Response to USS 2020 Valuation Methodology Proposals - May 2020

Read the Schools response to questions asked by UUK regarding the valuation methodology of the 2020 USS Valuation.

LSE Response to UUK Consultation on the Joint Expert Panels' second report

Read the Schools response to questions asked by UUK regarding the second report of the Joint Expert Panel

Joint Expert Panel - Second Report - December 2019

Read the second report of the joint expert panel, which considers the approach to future USS valuations.

UCEA & UUK Joint Letter - November 2019

Read the open letter from UCEA and UUK addressed to staff impated by pay and pensions disputes.

LSE Response to UUK Consultation on Schedule of Contributions and Recovery Plan for 2018 Valuation

Read the School's response to the proposed schedule of contributions and recovery plan resulting from the 2018 valuation.

LSE Response to UUK consultation on option 3 trustee requirements

Read the School's response to questions asked by Univestities UK (UUK) regarding Option 3 of the 2018 valuation.

LSE Response to UUK on the latest Trustee Proposals for the 2018 valuation - May 2019

Read the School's response to questions asked by Universities UK (UUK) regarding the 2018 USS Valuation.

LSE response to UUK on the 2018 valuation proposals and the provision of contingent support – Mar 2019

Read a summary of the School’s response to questions asked by Universities UK (UUK) in compiling their consultation response to the 2018 USS Valuation.

Changes to USS that will affect you

Read about the changes to USS with effect from 1 April 2019 that will affect all USS members.

USS Update – 22 November 2018

Read about the plans to conclude the 2017 valuation (which will result in changes to contributions from April 2019) and to carry out a 2018 valuation.

LSE Response to Universities UK on the Joint Expert Panel Recommendations - Oct 18

Read the School’s response to Universities UK, who sought to gather views from USS employers on 3 questions related to the recommendations from the Joint Expert Panel.

Joint Expert Panel - First Report 13 Sep 2018

Read the first report of the joint expert panel, that has undertaken a retrospective review of the 2017 USS valuation.

A short guide can be found here.

Visual representation of the 2017 USS valuation story so far – 25 July 2018

See an overview of what has happened since the 2017 USS valuation process started.

LSE response to Universities UK on the USS Trustee’s contributions proposal – July 2018

Read the School’s response to Universities UK, who sought to gather views from USS employers on seven key areas related to the USS Trustee’s proposal to increase contributions from April 2019.

USS update – 22 June 2018

Read about the establishment of the Joint Expert Panel and the separate ‘cost-sharing’ process (change in contributions) that is being followed at the same time.

LSE key messages to UUK on the USS Technical Provisions consultation - Oct 2017

Read a summary of the School’s response to questions asked by Universities UK (UUK) in compiling their consultation response.

 SAUL Annual Review 2021

Find out about SAUL's performance in the 2021 Annual review.

Latest SAUL news

Keep up to date with all the latest pensions news from SAUL.