Discover and read the best of Twitter Threads about #tpr

Most recents (3)

And as if like clockwork, an intervention from The Pensions Regulator -- we assume circulated to employers also, since it's been made public by UCU -- at a critical moment in the #USS dispute. Are we in 2018 or 2017? 1/
Remember TPR's ltr to Eastwood (Sept 17)

And #JEP later said: "It appears to the Panel that the Regulator's influence has been disproportionate. Some of those giving evidence... have suggested that the Regulator's views have steered employers' decisions." academicfreedom.watch/sites/default/… screen shot of first page of ltr linked to in text
(It's at this point that @acupunctureUSS realised he needed to help out with this thread, gifs not being my strong suit) #GroundHogDay #USSstrike #2018or2017 #aesthetic)
Read 14 tweets
So: #USS is undertaking a new valuation (of funding position in March 2018). 1/ #USSstrike
Bill Galvin, #USS CEO, implicitly puts onus on #UUK for problems of 2017 valuation, stating that employers had given a "very clear view" to USS to "take less risk than was laid out in its [USS's] original proposals" uss.co.uk/how-uss-is-run… 2/ screen shot of part of document linked to in tweet
There is clearly dispute between #USS and #UUK over this: the #JEP, we should remember, said that it had 'not taken a view' on the differing perspectives of #UUK and #USS over the shift from the Sept to Nov TPs & valuation assumptions ussjep.org.uk/files/2018/09/… 3/ screen shot of p. 45 of document linked to in tweet
Read 10 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:



3/x
Read 19 tweets

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