Tag Archives: USS

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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Con Keating calls the “obscurantism” of USS

In recent weeks we have seen blogs from Professors Emeritus Michael Bromwich and Dennis Leech both addressing the travails of USS. The blogs can be read here and here respectively. Professor Bromwich’s note is a particularly good attempt at piercing … Continue reading

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“Assumptions are dangerous” – Bromwich on USS

Universities Superannuation Scheme (USS): A consultation for the 2020 Valuation[1] Some General Views Michael Bromwich [a] Assumptions are dangerous things to make, and like all dangerous things to make, bombs, for instance, or strawberry shortcake, if you make even the … Continue reading

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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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