Discover and read the best of Twitter Threads about #strikeforuss

Most recents (3)

Here's a THREAD on the #USS Trustees, powerful individuals whose role has been insufficiently examined, and who have been operating without the full benefits of public scrutiny.

#USSstrikes #USSstrike #WeAreTheUniversity #StrikeForUSS #DemocratiseUSS #DemocratizeUSS

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As the #USS dispute goes on, it's clearer than ever that the institutions that govern our pensions have been failing us in multiple ways. They are secretive, non-transparent, marked by conflicts of interest and revolving doors. We need to open up and #DemocratizeUSS.
Of the 5 “independent” Trustees of #USS, 4 have a background working for investment and financial services companies, the 5th used to work for Rio Tinto, the mining company, running their gold mines in Papua New Guinea.

Let's have a look at them.
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Read 33 tweets
This looks like good news from @TPRgovuk, opening the door to a #USS deal on the basis of the Sept 2017 valuation involved in the initial @UCU recovery plan, if only the remaining hold-out VCs will accept this. 1/x
But we should in any case beware one kind of mistake which comes from treating @TPRgovuk as some unmovable exogenous constraint on a #USS deal. (1) The #tPR view itself is in part a function of VC’s avowed positions on risk levels. 2/x
And, (2) as @AdamJTucker has pointed out, there is a good degree of flexibility in how @TPRgovuk operates, and its regulatory framework allows space for appropriate intervention from the government. See embedded thread:



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Read 19 tweets
The #USSstrike has got many people thinking for the first time about pension governance, and about the agenda for overhauling the pension system that the left is going to have to pursue in the years ahead. Here's a thread with some useful reading.

#USS #StrikeforUSS #USSstrikes
Great post by @ewanmcg on @LSEpoliticsblog on the context of the #USS strike, issues in #USS governance, and the rent-extraction of financial intermediaries.

blogs.lse.ac.uk/politicsandpol…
And an excellent piece by Christine Berry @oeufling for @openDemocracy @openDemocracyUK on the "hot mess" of the UK pension system and the iniquities of how financial intermediaries are taking us all for a ride:

opendemocracy.net/.../uss-tip-ic…
Read 12 tweets

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