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Universities Superannuation Scheme

With a massive equity exposure and little appetite for risk management, the UK's Universities Superannuation Scheme is flying in the face of contemporary pensions orthodoxy. Aaron Woolner reports

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As any former university student might recall, individuality is a positive trait among academics. And like a professor rejecting the corporate dress code, the Universities Superannuation Scheme - that manages the pensions of UK academics - has rejected the wholesale move to liability driven investment (LDI) that now dominates the corporate pensions landscape.

Instead of looking to de-risk its

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