Asset Owner Directory

Universities Superannuation Scheme (USS)

USS is the largest private pension scheme in the United Kingdom in terms of assets. Established in 1974, USS is the principal pension scheme for universities and higher education institutions in the UK.


United Kingdom

AUM ($B)




Chief Executive

Bill Galvin

Chief Investment Officer

Simon Pilcher


Dame Kate Barker

Asset allocation
USS has £82.2bn in assets under an in-house investment management team. They invest in private and public markets in a whole range of different assets across the world. By actively investing in such diverse markets, we have more opportunities to provide better returns to help towards your financial future. Closer to home, around 45 per cent of USS investment is pumped right back into the UK economy.

39.4% Listed Equity

5.3% Property

23.3% Other private markets

1.0% Commodities

0.4% Absolute Return

5.2% Nominal government bonds

31.5% Index linked bonds

12.2% Other Fixed Income

-18.3% Cash and overlays related articles
Fiduciary Investors Symposium

Investors talk inflation strategies

Three leading investors from around the world - USS from the UK, IMCO from Canada and APG from The Netherlands – discuss the importance of modelling and their strategies for investing in an inflationary environment, including allocating to inflation linked emerging debt and infrastructure.  
Asset Owner Directory