Tag Archives: USS

Sam Marsh tweets about the (non-existent) 2021 USS valuation

Sometimes twitter throws up a thread that draws you from tweet to tweet in a way that a long blog can’t. This thread from Sam Marsh is an example. It is an exercise in controlled fury at the ineptitude of … Continue reading

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UCU and UUK should ask more of their pension and its regulator.

I’ve received some feedback on my comments about the current situation in UK universities. But not quite the level of feedback that Jo Cumbo is getting! The way USS has handled this is just ridiculous. University staff don’t take kindly … Continue reading

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USS heading for the buffers – strikes seem inevitable – why?

News that University employers have agreed a deal with the University Superannuation Scheme that will leave members with substantial cuts in benefits , has not gone down well. Another wave of strikes beckons , deepening the plight of students who … Continue reading

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USS and Future Service; – Michael Bromwich

Michael Bromwich has published on this blog before and I’m proud to publish his latest note on the University Superannuation Scheme. This is a long and technical blog which is very topical. Yesterday we heard more news of breakdowns in … Continue reading

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Private markets – pension’s friend or foe?

Two articles appeared in the FT over the bank holiday weekend that show just how fractured pension investment strategy over private markets is becoming.   In the one, David Fairs, the Pension Regulator’s policy Director expresses concern that small defined … Continue reading

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The USS valuation and a way forward

The controversy over the University Superannuation Scheme’s current valuation sums up all that’s gone wrong with defined benefit pension schemes. Let’s start with the view of John Kay, one of Britain’s most respected and outspoken economists. John Kay, one of … Continue reading

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USS and the risks of power over other people’s wealth

    In political science and popular discourse,[1] the horseshoe theory asserts that the far-left and the far-right, rather than being at opposite and opposing ends of a linear political continuum, closely resemble one another, analogous to the way that the opposite ends of a horseshoe are close together. ..Proponents … Continue reading

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USS’ view of investment returns is anything but prudent – Keating

Once is chance, twice bad luck, but three times – “Enemy Action” USS has been at it again. On March 1 2021, they published a paper entitled: “The difference between our expected investment returns and our prudent assumptions”. The paper … Continue reading

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Nick Hillman’s “USS trilogy” reviewed

HEPI (the higher educational policy group) has published three blogs on its website authored by Nick Hillman (pictured). The website hasn’t attracted much comment so I asked Con Keating to send me his. “Idiosyncracy” as a euphemism. When I accepted … Continue reading

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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

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