Category Archives: USS

The public debate on USS is elevated by King and Kay.


Exclamation: Master @JohnRalfe1! Mervyn King has now joined UCU and is spouting what you call “#USS #smokescreen and pure #UCU #bollocks“! Calling Bazooka @mikeotsuka and Plowman @henryhtapper https://t.co/OFuewk3ER7 — John Ralfebot (@Ralfebot) September 6, 2018 One of the joys of … Continue reading

Posted in pensions, USS | Tagged , , , , , , , | 3 Comments

“The way we were” – Mike Otsuka calls for USS to return to Topper form.


Here I distill my threads of the past few days into a single message: the @FirstActuarial & @ucu approach to the investment and valuation of #USS is not some radical new theory. Rather, it’s in line with the way #USS … Continue reading

Posted in pensions, USS | Tagged , , , , , , | Leave a comment

#beetroots, #biscuits – how the battle for truth @USS is being won.


I find myself embedded in a bizarre discussion on #transparency between some of the brightest bods on twitter. This ill becomes me, I am out of my depth, a TUC cracker in the posh biscuit barrel. #beetroot #biscuits pic.twitter.com/Hywkpf8U2W — … Continue reading

Posted in pensions, USS | Tagged , , , , , , | Leave a comment

Bill Galvin – on accountability at #USS


If Jo Cumbo hadn’t mentioned it I’d have missed it. Bill Galvin- erstwhile CEO of the Pensions Regulator and now boss of the University Superannuation Scheme wrote a thought piece on the USS blog – it’s here. It’s a meditation … Continue reading

Posted in pensions, USS | Tagged , , , , , | 3 Comments

Otsuka finds balm for USS’ “forty year itch”


    With remarkable restraint , Mike Otsuka reports on conversations he’s had with the USS on unknown unknowns. We do not know what the future brings, but past performance suggests that universities do not fail as people need higher … Continue reading

Posted in pensions, USS | Tagged , , , , , | 4 Comments

University pensions! – Stay collective! Stay open!


Another good day for pensions! Yesterday was a good day for the collective pension scheme in Britain. I had breakfast at Cicero’s offices in the Old Bailey (not the courts). I was able to hear our Pensions Regulator talk openly about … Continue reading

Posted in pensions, USS | Tagged , , , , , , , , | 1 Comment

Why the USS got itself into trouble ( Mike Otsuka).


Mike Otsuka’s extraordinary diligence in understanding the pension scheme he is a member of, is an example to us all. In this article he delves into the archives and uncovers some disturbing statements. They shed light on the current “unaffordability” of … Continue reading

Posted in pensions, USS | Tagged , , , , | 6 Comments

“If not ACAS – who?” No end in sight to the USS dispute.


The dispute between the University employers (UUK) and their teaching staff (UCU), shows no sign of resolution. Indeed, with students breaking for their Easter holidays, impulsion for a settlement has now reduced. There would have been little teaching done over … Continue reading

Posted in pensions, USS | Tagged , , , , | 2 Comments

Bill Galvin , stop whingeing to the FT and come down here!


Bill Galvin would be well-advised not to snipe at social media for peddling misconceptions about the University Superannuation Scheme. Dennis Leech, Professor of Economics at Warwick concludes a recent article with the question will this independent group be subject to … Continue reading

Posted in pensions, USS | Tagged , , , , , , , | 8 Comments

When enough isn’t enough – thoughts on #NoCapitulation


Is the USS really in crisis? I was disappointed to read that the University strike isn’t over. But it isn’t and Jo Cumbo hits the nail  on the head. “Majority of members wish to reject the proposal as insufficient.” What … Continue reading

Posted in pensions, USS | Tagged , , , , , | Leave a comment