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Universities & Colleges Retirement Savings Scheme

The Universities and Colleges Retirement Savings Scheme (UCRSS) is a defined contribution scheme for the Higher and Further education sector. It is a centrally arranged scheme, established under a Framework Agreement with Advanced Procurement for Universities and Colleges Limited.

UCRSS is delivered through the Mercer Master Trust — a pooled pension scheme with economies of scale that enable employers to reduce their operational and governance costs (compared to operating individual schemes).

Key Features

  • A genuinely Independent Trustee
  • Administration via Friends Life, which is authorised and regulated by the Financial Conduct Authority
  • Ongoing scheme governance by Mercer, which is authorised by the Financial Conduct Authority
  • Funds designed to enhance and optimise returns and balance risk while keeping charges at a competitive level
  • Built-in operational governance with regular monitoring and review
  • A full open-market retirement option
  • A competitive charging structure

Further information on the UCRSS can be found below.

UCRSS Brochure

UCRSS Investment Brochure

UCRSS & NEST comparison