UK pension fund sells Israeli

The Universities Superannuation Scheme (USS), the UK’s largest private-sector pension fund, has divested £80 million from Israeli assets, including government bonds and currency, citing financial reasons. This decision follows increasing pressure from members, particularly from the University and College Union (UCU), regarding Israel's human rights record amid ongoing conflicts. While USS emphasized that its divestment was purely financial and not a political statement, the UCU welcomed the move and urged further action against companies supporting Israel. Criticism has emerged from Israeli groups, arguing that withdrawing investments undermines peace efforts in the region. The USS manages £79 billion in assets and serves over 500,000 members, primarily from higher education institutions. This divestment aligns with a broader trend among global pension funds responding to member-driven concerns about ethical investments.