"π‘ππͺ π ππ§ππ₯πππ ππ©ππππ‘ππ": Remember this statement from #USS to FT pensions correspondent @JosephineCumbo?: 1/
And also this?: 2/
Here is "π‘ππͺ π ππ§ππ₯πππ ππ©ππππ‘ππ" in spades: 3/
They will want to make sure that the #USS executives who are answerable to them are not now engaged in a back-covering PR campaign to try to minimise the significance of @Sam_Marsh101's findings. 5/
They will also want to know why their #USS executives failed to respond to a request from an π²πΊπ½πΉπΌππ²πΏ, back in September 2017, for the asset projections they have only recently provided. 6/
Given #USS's failure to respond to a request of an π²πΊπ½πΉπΌππ²πΏ during their September consultation on the valuation, @UniversitiesUK & @AlistairJarvis should also have a keen interest in knowing why. 7/
#USS executives maintain that its valuation remains sound, even in the face of this new material evidence. This claim, however, stands in need of thorough investigation and independent confirmation. 9/
Indeed, such an investigation should have occurred over a year ago, since that is when #USS should have released these figures. We should not be having this discussion now. It should have occurred BEFORE @UniversitiesUK proposed deep cuts to our DB pensions... 10/
...on the basis of a consultation that was conducted in the absence of key information that #USS refused to provide. See also the following blog post, regarding another consequential failure of disclosure on #USS's part, during the Sept consultation: 11/11
medium.com/@mikeotsuka/usβ¦
medium.com/@mikeotsuka/usβ¦
