Tag Archives: USS

Weathering the Storm

Iain Clacher & Con Keating As part of our Funding Code research, we searched for academic or practitioner papers covering long-term expected returns forecasts. We were particularly interested in the ex post accuracy of these forecasts. We found none which … Continue reading

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Sam Marsh’s response to TPR’s DB Funding Code

Sam Marsh is a lecturer and branch president of the Sheffield UCU. He has responded on his own behalf to TPR’s consultation. Continue reading

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The USS needs a 2021 Valuation- Michael Bromwich

In finalising the 2018 valuation the USS committed to a further out of cycle valuation as at the 31 st March 2020. This allows consideration of the recommendations of second report of the Joint Expert Panel (JEP) and the incorporation … Continue reading

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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

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USS : FINANCIAL DIFFICULTIES – OR OPPORTUNITIES?

    Jon Spain is one of Britain’s foremost actuarial thinkers. You don’t have to  be an actuary to enjoy this piece – indeed it might help for non-actuaries to peer behind the actuarial covers – as Jon allows you … Continue reading

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The state of USS is the state of us.

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

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UCU and UUK “please pack it in!”

My view is simple, the Joint Expert Panel was set up to prevent further disruption, please don’t disrupt further. Continue reading

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Let’s get USS done!

What does the Trustee do? Ask a 7 year old what a Trustee does and a 7 year old would say “do trust”.  This is the verdict of chapter 7 of the second Joint Expert Panel on the Trustee of … Continue reading

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“Your pay-rise is a pension rise”

  I often “wake up to money” but not to this! In a discussion about when we last got a pay-rise, one listener mailed in that her boss told her “your pay-rise is a pension rise” It’s the first time … Continue reading

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The trouble with conformity – USS latest

  The dissenting voice has long been upheld in British Universities. Minority opinions are valued as an antidote to received wisdom which all too often degenerates into herd-like conformity. So I worry when I read the justification that the USS … Continue reading

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