Tag Archives: Prudence

Who owns prudence?

Posted on September 17, 2022 by henry tapper

Yesterday I wrote about my fears that in the rush to pay for an insurer to buy-out their pension scheme, employers and trustees may be ignoring the interests and interest of members.  The “interests” of members may be better served … Continue reading →

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The reckless prudence of DB funding is immoral.

Posted on June 1, 2022 by henry tapper

There are obviously complications and nuances with any pension scheme. But the fact that an erroneous, ill-timed valuation made #USS benefits unaffordable due to unnecessary deficit recovery payments is as black-and-white as any matter of pensions can get https://t.co/H7RJnnObXS — … Continue reading →

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The cost of prudence – a cautionary tale from the pen of Con Keating

Posted on March 14, 2021 by henry tapper

The problem with adding ‘prudence’ to a discount rate is that it does nothing for the uncertainty of the ultimate benefits, but it raises costs in the meantime in a manner which simply cannot be justified. In the case we … Continue reading →

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The USS needs a plan that we all can understand

Posted on February 8, 2021 by henry tapper

I am not smart enough to add much to the academic debate pursued by Professors  Michael Bromwich and Dennis Leech , the venerable Con Keating and the scholarly Woon Wong.  Readers looking for the views of Ros Altmann can find … Continue reading →

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Con Keating calls the “obscurantism” of USS

Posted on February 6, 2021 by henry tapper

In recent weeks we have seen blogs from Professors Emeritus Michael Bromwich and Dennis Leech both addressing the travails of USS. The blogs can be read here and here respectively. Professor Bromwich’s note is a particularly good attempt at piercing … Continue reading →

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Reckless Prudence; How to break a pension system

Posted on June 23, 2018 by henry tapper

George Cooper has just produced an article, re-published here, which I very much enjoy. I’m not the only one. Every #USS member should read @FixingEconomics‘s “Reckless Prudence: How to break a pension system” (link). Some quotes and comments in the … Continue reading →

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