Tag Archives: USS

Would a shift from bonds to growth assets keep the USS afloat? – Mike Otsuka


  Michael Otsuka is Professor of Philosophy at the London School of Economics. He has also served as the pensions officer for the LSE’s UCU branch. This article originally appeared on Wonkhe.com, the home of higher education policy, people and … Continue reading

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Transparency as disinfectant


Wherever possible – organisations should aspire to be transparent in their dealings, sharing information with all stakeholders. Bank wins by being straight with customers Making information difficult to access causes problems. My friends at Quietroom tell the story of how, … Continue reading

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Con Keating’s letter to Frank Field


Today is Con’s 70th birthday. Here he is in irrepressible form, standing up for USS and giving another elder statesman some sensible advice. An Open Letter to the Right Honourable Frank Field, MP By email. Re: Universities Superannuation Scheme (USS) … Continue reading

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Undermining confidence in USS; to no good purpose.


  I read John Ralfe’s comments in this report in Times Higher Education and thought of Sir Toby Belch’s comment to Malvolio. Dost thou think, because thou art virtuous, there shall be no more cakes and ale? Sir Toby Belch … Continue reading

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What future – if we cannot rely on universities in twenty years time?


When I wrote my blog yesterday, I had not read the USS consultation document which contains the basis of the triennial valuation it has just completed. I was writing “over” the FT article written by Jo Cumbo which (as usual) presented … Continue reading

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Don’t make the teachers pay


  I am  sad to read that “academics face a big rise in their pension payments”. That’s the headline in the FT and it may be true. Another set of spurious numbers? The University Superannuation Scheme has completed it’s three … Continue reading

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“He wouldn’t let it lie” – Con Keating returns to discount rates!


Earlier in the week, the Pension Play Pen had its monthly lunch, missing was Con Keating who was busy explaining to his daughters why they had nothing to fear from the supposed deficit in the USS pension scheme. Con’s voice … Continue reading

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A message to USS members from Bill Galvin


  This message went to members of the University Superannuation Service pension scheme last week. It contains many of the message that this blog has tried to put over (rather better!). It also provides an answer to the question of … Continue reading

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Why we should be proud to invest our savings in real assets!


  My blog yesterday on USS attracted a lot of attention on social media and some interesting comment. This from Ros Altmann – a blog in its own right; Excellent piece Henry. There is insufficient differentiation in this DB debate … Continue reading

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Is the University Superranuation Scheme suffering fantasy deficits?


First the big picture Universities aren’t going away, nor are the people who teach in them, administrate them and provide the infrastructure that keeps them going. Many of our universities have survived wars, plagues, great fires as well as many … Continue reading

Posted in accountants, actuaries, advice gap, pensions, Public sector pensions | Tagged , , , , | 14 Comments