Tag Archives: Bill Galvin

How will USS value itself today?

Posted on April 2, 2020 by

  News has come in that the University Superannuation Scheme (USS) is going to press ahead with a valuation of its assets and liabilities as at the 31st March 2020. It reasons for it in a public statement. I had … Continue reading →

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The state of USS is the state of us.

Posted on March 19, 2020 by

In normal times, USS reporting itself to the Pensions Regulator for being under-funded would be considered a major news story. But what Jo Cumbo reported as happening  yesterday is not headline news, it is a sideshow to what is being … Continue reading →

Posted in accountants, actuaries, advice gap, age wage, pensions | Tagged , , , , | 3 Comments

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

Posted on August 27, 2018 by

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 →

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Bill Galvin – on accountability at #USS

Posted on July 30, 2018 by

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

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

Posted on March 18, 2018 by

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 →

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Aren’t Employer and Union’s interests aligned at USS?

Posted on October 2, 2017 by

  Adrian Boulding has left a comment on yesterday’s blog that is rather better than the blog itself. As I am on the last day of my holiday in Paris, I will blog the comment and add a few thoughts … Continue reading →

Posted in advice gap, DWP, pensions | Tagged , , , , , , | 3 Comments

Would a shift from bonds to growth assets keep the USS afloat? – Mike Otsuka

Posted on September 19, 2017 by

  Michael Otsuka is Professor of Philosophy at the London School of Economics. He has also served as the pensions officer for the LSE’s UCU branch. This article originally appeared on Wonkhe.com, the home of higher education policy, people and … Continue reading →

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Bill – get some DC resource into the Regulator now!

Posted on February 27, 2013 by

Bill, t tPR need a gong-worthy head of DC asap. Continue reading →

Posted in actuaries, auto-enrolment, dc pensions, de-risking, defined aspiration, NEST, pensions, Retirement | Tagged , , , , , , , | 12 Comments

The Regulator, wisdom and the crowd

Posted on September 23, 2011 by

The Pension Regulator, it needs be said , did not have a good Professional Pension Show. Things started well enough with a keynote speech that laid out its 2012 agenda Get DB solvent Get DC sorted Get Auto-Enrolment in Simples… And that … Continue reading →

Posted in annuity, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, Liability Driven Investment, NEST | Tagged , , , , , , , , , , , , , , , , , , , , | 4 Comments