Tag Archives: USS

Cumbo calls into question pension transparency.

Case study – the pertinent question on DB funding. For this story, I spoke to an 86yr-old who worries everyday about how his wife, 9 yrs younger, will cope financially if he dies before her. He receives NO inflation rises … Continue reading

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Fair’s fair, will employers share their good news on DB with staff?

There’s more to this question than meets the eye. DB in run-off is likely to become less expensive to sponsors as inflation and interest rates increase. This should feed through to lower funding which might feed through into more equitable … Continue reading

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Woon Wong’s letter to TPR on USS’ deficit

At a recent pension conference, Woon Wong mentioned a letter sent to David Fairs which would be posted on my blog. This is the letter and I am proud to openly publish it. At the conference were a number of … Continue reading

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A USS CDC scheme “makes sense” – says the FT’s Martin Wolf

UK university pensions suffer from misplaced prudence https://t.co/F7woRK31aL @martinwolf_ calls for the USS to consider risk-sharing through CDC rather than insuring uninsurable risks. — Henry Tapper (@henryhtapper) November 15, 2021 This is the first time I have seen a mainstream … Continue reading

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The cost of guarantee and trust deficit in the USS- Woon Wong

  This blog from Woon Wong is a very welcome addition to the  evidence that USS is architect of the predicament it finds itself in. Despite a short balloting period, staff of 37 universities voted for strike action over changes … Continue reading

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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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