Thread by @martin_oneill

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…

A piece from the @nytimes this week by @DHWebber1 on "The Real Reason the Investor Class Hates Pensions":

nytimes.com/.../investor-c…

An oldie but a goodie: Robin Blackburn on pensions in the @LRB in 2004:

lrb.co.uk/v26/n04/robin-…

And here's @joecguinan in @openDemocracy on democratizing capital, including a discussion of pension democracy:

opendemocracy.net/ourkingdom/joe…

Thanks to @joecguinan @oeufling @ewanmcg for inspiration on this. If anyone has any other reading suggestions on pension fund governance and democratization, and what a left agenda for pensions should look like, just reply here to add links to this thread. Thanks!

And I nearly forgot ... @joecguinan and @ThomasMHanna of @DemocracyCollab for @NewSocialistUK on "Full Corbynism" and Labour's new institutional political economy, including a section on the possible role of employee pension funds.

newsocialist.org.uk/full-corbynism…

A killer line from @ewanmcg " If you read into the #USS annual reports (I encourage, but don’t recommend it!) you find that USS is now paying its fund managers as a whole 482% more in 2017 (p.15) than in 2008 (p.103). Total USS operating costs increased 186%."
#USSstrike

I realise some of those links didn’t worked because I’d copied them over from a @facebook post. Here’s the proper link to Christine Berry’s piece @oeufling @PHellermann

speri.dept.shef.ac.uk/2018/03/02/uss…

Or the @openDemocracy version of Christine’s piece @oeufling

opendemocracy.net/neweconomics/u…

And a functioning link (I hope) to the @DHWebber1 @nytimes piece on why the investor class don’t like collective pension institutions #UsS #USSstrikes #USSstrike

nyti.ms/2FTd5po