Tag Archives: USS
The scandal of our “DB capitulation” to “de-risking”.
Meg Baynes’ piece in the Times which I featured on this blog is beginning to get some traction around the world Astounding. I think because investment literacy is so low in the UK and saving-via-homebuying is so embedded, people don’t … Continue reading
Posted in pensions
Tagged British Airways, BT, CDC, de-risking, LDI, Pensions, returns, Shell, USS
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Do Pension Schemes need to do more on Complicity?
An article by Dooley Harte ,Pension Official , University & College Union The genocide in Gaza, the war in Ukraine and many other conflicts around the world can leave us feeling helpless as we watch humanity tear itself apart with … Continue reading
Can USS DB pension benefits decrease by paying more?
Surely not, but… astonishingly: yes. This is because when USS scheme members cease service on any day other than 31 March, USS applies an unusual and little-known mechanism of revaluation. Instead of granting revaluation in line with the “USS standard … Continue reading
Conditional indexation at the USS – Dennis Leech
The following article has been sent me by Professor Leech, Emeritus Professor of Economics at Warwick University. The blog is as submitted but I have been asked by the USS to point out that at various points, Dennis describes (or … Continue reading
USS and Nest coming to the same solution for pensions.
USS is a major force in Britain’s delivery of pension. It has stayed open despite threats to it in the last decade and it is now thriving again. Instead of sitting back on its new found solvency it is looking … Continue reading
Enjoying doing your drawdown? “Flex and fix” is scary right now.
In a recent talk with the IFS, Paul Todd, COO of Nest, explained that Nest’s long term ambition is to pay pensions without putting at risk the pension. Only the increases payable on pensions in payment might not be paid … Continue reading
USS gives its top brass an 18% pay hike despite writing off Thames Water
The latest report and accounts for USS are out They show how the scheme is doing under a number of measures. As Toby Nangle says on BlueSky, “this is always helpful“. When I started writing about USS , 7 … Continue reading
Carol Young – a breath of fresh air at USS
Reading Carol Young’s article in Times Higher Education was a breath of fresh air after the suffocation of the past seven years of claustrophobic repression. USS has been on a financial rollercoaster, but it’s not been as much fun as … Continue reading
Money USS could lose – lessons it must learn
While USS has written down £600m from the value of its investment in Thames Water, we should not be over-worried about the future of USS the pension fund or the pensions it pays to its members. These things happen and … Continue reading
Thames Water: What Could Investors Have Known Beforehand?
Published on the day the FT broke the story that USS had written down £600m of its investment in Thames Water, EDHEC point to what went wrong and how it could have been avoided by better analysis of available data. … Continue reading