USS

The UK can pride itself on having the third largest pension system in the world, but the relative inefficiency of the UK defined contribution sector needs to be addressed, claims David Rowley who as a British journalist based in Sydney has spent the last three years reporting on Australian superannuation.

Research from BNP Paribas shows major shifts in how pension schemes approach investment strategy. Helen Morrissey takes a look at the findings.

Some of UK's largest pension schemes and fund managers have called on Anglo American, Glencore and Rio Tinto to be more transparent over climate change risks.

Universities Superannuation Scheme (USS) has sold 40% of its shareholding in Moto Group to funds advised by CVC Capital Partners (CVC) after acquiring the company just two months ago.

Universities Superannuation Scheme (USS), Canadian OPSEU Pension Trust (OPTrust) and Dutch PGGM, have agreed to buy 100% shares in a Spanish infrastructure company for up to €420m (£300m).

Cai Rees has been made a director in SEI's institutional advice team in the EMEA region where he will advise large pension schemes.

What are the big challenges facing schemes?

Universities Superannuation Scheme (USS) Investment Management has made five appointments in its multi-asset allocation team, including Mirko Cardinale who will head the division.

Universities Superannuation Scheme (USS) has seen its funding deficit increase by £2.4bn in its latest triennial valuation as low gilt yields pushed up its liabilities.

Stephen Worthington has been appointed interface manager by MyCSP at its head office in Liverpool.