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The chief executive of the Universities Superannuation Scheme, a key figure in the debate about the future of UK higher education sector pensions, has announced that he is stepping down.

Bill Galvin will leave the USS in 2023, once his successor has been appointed. At that point he will have been in the top job for a decade.

The USS is the UK higher education sector’s biggest pension fund, with more than 500,000 members across 300 institutions and assets valued in excess of £90 billion.

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