The UK’s biggest pension scheme wants savers for the new pensions it is introducing to benefit from two philosophies in which it has faith – do-it-yourself and diversification.

The Universities Superannuation Scheme does more DIY than any other UK scheme - 70% of its £49 billion in assets are run by its in-house investment team. It also diversifies more than many schemes beyond the conventional equities and bonds mix, making less liquid longer-term private investments.