Tag Archives: USS

Weathering the Storm

Posted on September 13, 2020 by henry tapper

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

Posted on September 4, 2020 by henry tapper

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

Posted on April 30, 2020 by henry tapper

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?

Posted on April 2, 2020 by henry tapper

  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?

Posted on March 20, 2020 by henry tapper

    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.

Posted on March 19, 2020 by henry tapper

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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UCU and UUK “please pack it in!”

Posted on February 17, 2020 by henry tapper

My view is simple, the Joint Expert Panel was set up to prevent further disruption, please don’t disrupt further. Continue reading →

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Let’s get USS done!

Posted on December 14, 2019 by henry tapper

What does the Trustee do? Ask a 7 year old what a Trustee does and a 7 year old would say “do trust”.  This is the verdict of chapter 7 of the second Joint Expert Panel on the Trustee of … Continue reading →

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“Your pay-rise is a pension rise”

Posted on July 17, 2019 by henry tapper

  I often “wake up to money” but not to this! In a discussion about when we last got a pay-rise, one listener mailed in that her boss told her “your pay-rise is a pension rise” It’s the first time … Continue reading →

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The trouble with conformity – USS latest

Posted on June 28, 2019 by henry tapper

  The dissenting voice has long been upheld in British Universities. Minority opinions are valued as an antidote to received wisdom which all too often degenerates into herd-like conformity. So I worry when I read the justification that the USS … Continue reading →

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