Dear colleagues,

Many thanks to those of you who attended the open staff meeting on the USS 2018 valuation consultation on Tuesday. We are grateful to you for taking the time to give us your views on the current valuation of the scheme, and very much hope that you found the presentation useful.

As promised, we attach our final response to UUK: USS 2018 valuation consultation - Imperial response. UUK will now collate the responses they have received from employers, and submit a collective response to USS tomorrow. For those of you who were unable to the attend the meeting in person, all the materials from Tuesday, including the slides and a video recording, are available here.

As we said at the meeting, we will continue to press USS to be open and transparent in their approach to risk, and update you on any developments as soon as they happen. Our USS webpages contain a range of materials in relation to the scheme, including modellers which help you assess the impact of any possible changes on your pension.

Many thanks once again to all of you who have participated in this process. If you have any further thoughts then please do get in touch with us at any time.

Best wishes

Ian and Alice

USS 2018 valuation consultation - Imperial response