Tag Archives: Dennis Leech

Prem Sikka’s peerage – its value to accounting , governance and pensions

Prem Sikka, too, is an appointment to be welcomed as strengthening the Lords pensions team. Read his monograph from 2006, “Pensions crisis a failure of public policymaking”, https://t.co/xBHu7dgVKJ. Chapter 2: THE PENSIONS CRISIS: FACT AND FICTION explains the valuation and… … Continue reading

Posted in accountants, advice gap, age wage, pensions | Tagged , , , , , , , , | Leave a comment

How will USS value itself today?

  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

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

Is the USS really in crisis?

Professor Dennis Leech is Emeritus Professor of Economics at Warwick University. This week has seen the University Employers threaten to withdraw sponsorship for future DB accrual, the University Union announce intended strike action and the DWP Select Committee ask fundamental questions about … Continue reading

Posted in pensions, USS | Tagged , , , , , , | 16 Comments

USS pension changes would be a disaster (but they are preventable) – Dennis Leech

The changes to the USS that UUK proposed on Friday will substantially alter the nature of academic employment in the Pre-92 universities and will damage higher education irrevocably. They will mean academic salaries having to rise substantially to attract the … Continue reading

Posted in pensions, USS | Tagged , , , , | 7 Comments

Property (and who owns it)

Something out of nothing Two distantly related matter are troubling me this morning. The first is the ownership of intellectual property and the second the ownership of a shower cubicle. Let me talk about the shower cubicle first. I was … Continue reading

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

Pensions Deficits: Mark-to-market valuation is the elephant in the room

Following on from yesterday’s blog from Hilary Salt, here are some interesting thoughts from Dennis Leech,  Professor Emeritus of Economics, University of Warwick You can contact Dennis directly at d.leech@warwick.ac.uk   The chief economist of the Bank of England, Andy Haldane, … Continue reading

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