All entries for Monday 05 September 2016

September 05, 2016

Financial Times article arguing that pension scheme response to deficits makes the problem worse

An article in today's Financial Times argues that the conventional approach to pension scheme deficits by "de-risking" and "liability-driven investing" makes the problem worse.

cure_for_uk_pension_funds_deficits_inflicts_more_pain_ftcom.pdf

It makes the same arguments I made in my last blog. See:

http://blogs.warwick.ac.uk/dennisleech/

What the article is saying is directly relevant to the universities scheme, the USS, because it is committing the same mistakes it describes, in common with very many of the 6000 other private sector (because - surprisingly - the universities' scheme is a private sector scheme) schemes.


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