Investment strategy
The Universities Superannuation Scheme (USS) has been in the news a lot recently, including strikes during the first half of 2018 over proposed changes to future benefits. Much of the debate centres on the size of the scheme's deficit. First Actuarial claims that USS is perfectly sustainable with no deficit, whereas pension consultants such as John Ralfe note a £8.4 billion deficit on an accounting basis (as at 31 March 2018). But is there another way of thinking about scheme solvency?;
Investment strategy
For the seventh season, Mary Berry has us all glued to our TV screens watching the second (after the Olympics) most important competitive event of the year – the Great British Bake Off (GBBO). Mary has always highlighted the importance of sequencing to producing a good bake; something that income-focused investors should also pay close attention to if they are looking for more certainty around their investment outcomes.;
