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Tag Archives: USS
How pensions screw up teaching.
This excellent article ends where it could begin. Raj Jethwa‘s comment that “This level of uncertainty makes it extremely difficult for higher education institutions to take long-term financial decisions on, for example, courses and staffing levels when such a … Continue reading
The stink of Thames Water persists for BT ,USS and their pensions.
This may be stale news for those who manage British Telecom’s massive pension scheme but it won’t help the pensioners and deferred pensioners who may see something faulty in its investment strategy. A lot of money was lost by BT’s … Continue reading
Why We Should Not Gamble Away Our Retirement
Dr Deepa Govindarajan Driver (@deepa_driver on Twitter) has written this article in a purely personal capacity. Deepa is a former chair of UCU’s USS negotiation team (SWG). Her professional expertise is in governance, financial regulation and accountability. She is … Continue reading
Posted in pensions
Tagged Conditional Indexation, DB, Deepa Govindarajan Driver, Deeper, Drier, Risk, risk sharing, UCU, USS
4 Comments
USS pension performance under the Clacher and Keating microscope.
Some unlucky stocks picked? Private – does that mean opaque rather than transparent? Is this delivering value for money? Con Keating doesn’t think so The rosy funding statements are based on accounting and actuary reporting Which is why poor investment … Continue reading
The scandal of our “DB capitulation” to “de-risking”.
Meg Baynes’ piece in the Times which I featured on this blog is beginning to get some traction around the world Astounding. I think because investment literacy is so low in the UK and saving-via-homebuying is so embedded, people don’t … Continue reading
Posted in pensions
Tagged British Airways, BT, CDC, de-risking, LDI, Pensions, returns, Shell, USS
5 Comments
Do Pension Schemes need to do more on Complicity?
An article by Dooley Harte ,Pension Official , University & College Union The genocide in Gaza, the war in Ukraine and many other conflicts around the world can leave us feeling helpless as we watch humanity tear itself apart with … Continue reading
Can USS DB pension benefits decrease by paying more?
Surely not, but… astonishingly: yes. This is because when USS scheme members cease service on any day other than 31 March, USS applies an unusual and little-known mechanism of revaluation. Instead of granting revaluation in line with the “USS standard … Continue reading
Conditional indexation at the USS – Dennis Leech
The following article has been sent me by Professor Leech, Emeritus Professor of Economics at Warwick University. The blog is as submitted but I have been asked by the USS to point out that at various points, Dennis describes (or … Continue reading
USS and Nest coming to the same solution for pensions.
USS is a major force in Britain’s delivery of pension. It has stayed open despite threats to it in the last decade and it is now thriving again. Instead of sitting back on its new found solvency it is looking … Continue reading