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Tag Archives: Prudence
The cost of prudence – a cautionary tale from the pen of Con Keating
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
The USS needs a plan that we all can understand
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
Con Keating calls the “obscurantism” of USS
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
Reckless Prudence; How to break a pension system
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
