24 February 2020
“The Dame Katharine (Kate) Barker will become Chair of the country’s largest private pension scheme later this year, when Professor Sir David Eastwood retires from the USS Trustee Board.
Her high-profile career – including as Chief Economic Adviser to the CBI and membership of the Bank of England’s Monetary Policy Committee – as well as her experience of working with Higher Education institutions make her ideal to lead USS in its mission.
USS has served the UK’s Higher Education sector since 1975 and is a hybrid scheme, offering valuable defined benefit pensions to all its members as well as a supplementary defined contribution section.
With funds of more than £68 billion (as at 31 March 2019), it is the country’s largest private pension scheme by way of assets and its dedicated in-house investment team, USS Investment Management, has achieved strong investment returns of c.11.7% (annualised) over the past 10 years.”
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