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USS – Club Transfer In update


Further to I letter I.781 and the communication posted on the institution section of the USS website on 16 November 2011 regarding Club transfers into USS, GAD have advised that revised Club factors will be implemented on 1 January 2012. When the intention to issue revised factors was originally publicised by GAD, several Club schemes (not including USS) postponed their calculation of Club transfer out statements until further notice. You should be aware, therefore, that USS will be unable to issue quotations in respect of Club transfers in to the scheme where the ceding scheme is temporarily unable to provide a transfer out statement. Please note that affected members will be contacted by USS accordingly.