Tag Archives: assets

USS – you’ve never had it so good/bad – (delete as necessary)

How USS sees itself and how others see it. I have just read an article that relates the views of Simon Pilcher on the success of USS’ investment strategy in the 12 months to September 2022. The Universities Superannuation Scheme, … Continue reading

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Another expert – Woon Wong- finds USS accumulating surplus assets.

Universities’ superannuation fund is accumulating surplus assets – Woon Wong. 19 Jan 2021   Woon Wong1  believes  that the valuation of the USS’s liabilities and the call for higher payroll contributions are incorrect. Woon argues that the scheme is entirely … Continue reading

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The nations wealth is in pensions but not in DC pots

Private pension wealth is the largest component of household wealth, marginally bigger than total property wealth, and its value has increased by more than that of property wealth too. This reflects a slight cooling in the housing market, while the … Continue reading

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In defence of small pension schemes

I went to bed worrying about this statement and woke up with it still rattling round my brain.  “A lot of employers are fed up with their pensions and want to see the back of them, they want to see … Continue reading

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First Actuarial warns on knee-jerk reactions to the interest rate rise

With the Bank of England doubling interest rates, First Actuarial predicts a flurry of good and bad pension headlines, but warns of misguided optimism on funding and a rush for the door fuelled by pessimism about transfer values. Good news … Continue reading

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Deficit – what deficit?

  “Deficit – What deficit?” asks First Actuarial as the FAB Index climbs for the third month in a row     First Actuarial’s Best estimate (FAB) Index improved for the third month in a row, showing a month-end surplus … Continue reading

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The purpose of pensions- served by Transparency.

Yesterday’s Transparency Symposium, organised by Family Agethangelou , delivered a series of insights on the Purpose of Pensions. The DWP were in attendance, I guess the political message was simple, we want pensions to meet people’s expectations of later life. … Continue reading

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The bonus culture in asset management.

  Asset managers pay themselves big bonuses Now we learn that bonus payments distort the way that active managers trade stocks. Anton Lines ‘ recent paper draws this conclusion from a manager of managers “The paper suggests that active managers … Continue reading

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Prof Mike Otsuka on First Actuarial and USS’ different approaches to self-sufficiency!

This article has been published by Mike Osuka on his blog. You can read the original here; http://tinyurl.com/j82en9s .   Mike is a  Professor in the Department of Philosophy, Logic & Scientific Method at the London School of Economics. He’s kindly … Continue reading

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Till we know the “money” – shut up about “value”.

  I had a number of meeting yesterday culminating in an afternoon spent with members of the Transparency Task Force (TTF), with the FCA and with certain interested observers. I can report the meeting happened and what was said but … Continue reading

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