The debate over USS’ valuation raises deeper questions about the UK’s DB sector and how it is regulated. : With assets of in excess of £1.8trn (€2trn), DB occupational pensions easily represent the single largest stock of financial savings in the UK, according to statistics compiled by the UK Investment Association, with fund investments at £1.2trn and cash savings at £1.5trn. The typical investor is probably behind the times when it comes to understanding the implications of China’s rise.