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Fund Solutions

USS and Vanguard Face Legal Threats on Climate  

The Universities Superannuation Scheme and Vanguard are under fire for not adequately addressing climate risk, with pension scheme savers and retail clients looking to courts to drive action. 

The UK’s largest pension scheme Universities Superannuation Scheme (USS) and US asset management giant Vanguard are both facing legal challenges from individual clients over their alleged failure to adequately address climate risks.   USS, which controls £80 billion (US$98 billion) in AuM, is at risk of being taken to court…

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