“Made in Westminster” – Sean Wallis’ technical analysis of the USS “deficit”.

made in westminster

 

Please press this link to understand the USS crisis in a new light.  Made in Westminster – Sean Wallis

I don’t often re-blog; but this piece of work is so comprehensive , I think it should stand on its own.

There is no easy answer to the “crisis” over University Pensions. It would be easiest if we asked how this crisis has arisen and what we can do, now it has escalated to current levels.

It is not too late to start again, but unwinding some of the entrenched positions adopted by both sides, is best done in the knowledge of factual information.

This technical explanation  goes a long way to explaining those facts and though you may not agree with their interpretation, they need to be addressed by both sides.

 

About henry tapper

Founder of the Pension PlayPen, Director of First Actuarial, partner of Stella, father of Olly . I am the Pension Plowman
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