Discover and read the best of Twitter Threads about #USSbriefs34

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"The working paper provides the required proof & argument against the flawed valuation method adopted by #USS. Using an appropriate valuation technique, the USS is found to be in surplus as large as £10bn ...": Woon Wong #USSbriefs34 on the phantom deficit medium.com/ussbriefs/indu…
Wong: "many actuarial practices should be reviewed ... [T]here is a need to examine the economics of risk & return from a long term perspective ... given ... low interest rates, de-risking can be suboptimal & extremely expensive" #USSbriefs34 working paper medium.com/ussbriefs/indu…
Wong insists that the #USS valuation can be resolved if there is appropriate time given to it: "say 2 to 3 years of proper research & discussion between all relevant academics, the actuary industry & tPR (of course these include UUK and UCU)" #USSbriefs34 Quotation about 'all is required is time' -- see text of tweet
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