Open USS Pension Panel

OpenUPP is Opening Up the USS Joint Expert Panel (JEP) by hosting materials & debates in public. We're part of @USSbriefs #OpenUPP2018 #USSstrike #pensions #STS

[Open USS Pension Panel @OpenUPP2018]

Sam Marsh’s @Sam_Marsh101’s critical and pessimistic assessment of #USS’s 2020 valuation materials released on 9 March 2020 #USSbriefs91 https://t.co/RzRO7UsbQO

[Tomorrows Papers Today @TmorrowsPapers]

Wednesday's FT: Falling life expectancy triggers delay to raising of state pension age to 68 #TomorrowsPapersToday #FinancialTimes #FT

[Dennis Leech @Dennis_Leech]

When the Actuarial profession discussed using valuation based on financial economics some powerful evidence was adduced against the idea. Here are some comments...

[Josephine Cumbo @JosephineCumbo]

How bond market mayhem set off a #pension ‘time bomb’ https://t.co/pyZzF2AhUz

[Josephine Cumbo @JosephineCumbo]

Looking to hear from savers in the UK who have stopped, or are considering stopping, their #pension contributions in response to the cost-of-living crisis.
Please email [email protected]

[Josephine Cumbo @JosephineCumbo]

"We do not want good (DB) schemes to close unnecessarily, or to introduce a one-size-fits-all regime that forces immature schemes with strong sponsors into an inappropriate de-risking journey." - https://t.co/RafVa0c1U2

[Josephine Cumbo @JosephineCumbo]

Key points from the draft DB funding regulations, published today, during summer recess:

- Open schemes should not be forced into "inappropriate derisking"

[Josephine Cumbo @JosephineCumbo]

NEW: Govt publishes draft regulations for DB funding. https://t.co/Buw1iQDlzo

[Pensions Expert @pensions_expert]

CPD: With academics still hotly disputing funding estimates at the Universities Superannuation Scheme, Stephanie Hawthorne untangles the long web of history amid claims and counterclaims from members and employers - https://t.co/iwffwI7DpN
@USSpensions
@ucu
#definedbenefit

[Pensions Expert @pensions_expert]

On the go: Charles Counsell will be stepping down as chief executive of the Pensions Regulator in 2023 as he will not be seeking a second term at the watchdog’s helm - https://t.co/R5jAeNqoUb
@TPRgovuk
@TheFCA
#definedbenefit #definedcontribution #autoenrolment

[Josephine Cumbo @JosephineCumbo]

A formal strike ballot of National Education Union teacher members working in the Girls' Day School Trust (GDST)'s independent schools voted overwhelming to oppose employer plans to withdraw from the Teachers' Pension Scheme (TPS).

[Josephine Cumbo @JosephineCumbo]

NEW: Teachers working at 23 independent girls’ schools have voted to strike over #pension changes, which their union claims will lead to retirement income cuts of at least 20%. Details to follow.

[Henry Tapper @henryhtapper]

Can pensions save the planet? Not with TPR's proposed DB funding code! https://t.co/sKlfbHj0Hn via @henryhtapper

[Martin Wolf @martinwolf_]

Martin Wolf: Why collective risk-sharing should be a central element in pensions https://t.co/D8v1wQuCsd

[Eyal Press @EyalPress]

“Pensions represent more than their economic value. They carry a powerful moral recognition: workers deserve financial stability and the freedom it brings.” A powerful essay by Caitlin Zaloom on the decimation of America’s pension system @nybooks. https://t.co/T5mTzfJfgL

[Josephine Cumbo @JosephineCumbo]

NEW: The UK government has published draft regulations for ground-breaking new Collective DC schemes. https://t.co/lht9iiw1Y9

[Sam Marsh @Sam_Marsh101]

Many thanks to Jackie Grant for assembling and cross-checking the data behind the graph which shows just how easily deficits can be found with a (not-so-subtle) tweak of the discount rate.

[Sam Marsh @Sam_Marsh101]

Here's my best attempt at illustrating why this #USS valuation looks to be built on sand, plus a bonus reflection on where things took a wrong turn a decade or so ago. https://t.co/rkfQGuSSsi

[Josephine Cumbo @JosephineCumbo]

Ros Altmann, former UK #pensions minister, has called for employers to be granted a one-year holiday on their defined benefit #pension contributions to aid economic recovery. This would apply to firms who have been “ploughing huge sums” into their schemes for the past few years.

[Open USS Pension Panel @OpenUPP2018]

Prudence prevails in USS consultation https://t.co/k2ShzG7ZZ1 via @profpensions

[Josephine Cumbo @JosephineCumbo]

NEW: The cost of corporate DB #pension promises could fall by as much as £60bn, as life expectancy assumptions are revised down by 7 months, due to the pandemic, according to new analysis.

https://t.co/2nlJdG6rSL