Update pending

Public sector pensions face short-term as well as long-term challenges: Pension fund investments have indeed seen a long-term upward trend and the performance of equities over the last few years has led to expectations that the funding levels in the[...] dlvr.it/R14HMv pic.twitter.com/7yDhdAbG7o

#localgov twitter.com/SHJFitzgerald/…

PAC probes ‘weakened’ accountability of partnerships: A rising number of services delivered by councils in partnership with other organisations risks a weakening of financial accountability, according to a committee of MPs. Parliament’s Public Accounts… dlvr.it/R0tCYF

Chancellor pins three-year Spending Review on Brexit deal: Chancellor Philip Hammond dangled the prospect of a three-year Spending Review with an increased funding envelope later this year – but only if a Brexit deal is reached with the[...] dlvr.it/R0qZBH

London CIV to launch StepStone-managed infra fund: The London Collective Investment Vehicle (LCIV) LGPS pool is targeting a first close on a new unauthorised infrastructure unit trust, targeting net returns of 8-10%, by the end of April.[...] dlvr.it/R0qZ8R

Capital idea: Putting asset sales into a local context: A recent report shone a light on the use by a small number of councils of capital receipts to fund redundancies. Rob Whiteman says that the issue is more complicated[...] dlvr.it/R0l59S pic.twitter.com/mOFyX6UWsv

Developer chosen for Bath Quays North room151.co.uk/brief/#develop… #localgov #bathnes

London Mayor’s Land Fund makes loan for Holloway site room151.co.uk/brief/#london-… #localgov

New SPRUCE loan for centre of Glasgow regeneration room151.co.uk/brief/#new-spr… #localgov #Glasgow

Derbyshire Dales’ “significant challenge” on new waste and recycling contract room151.co.uk/brief/#derbysh… #localgov

Wake up and smell the coffee: IFRS 16 is a major change: Councils who think they won’t be subject to new accounting rules on leases are in for a rude awakening, says  David Green. Once of the first things anyone analysing financial[...] dlvr.it/R0b9vM pic.twitter.com/kMPxCE67co

Pembrokeshire to impose premium on empty properties room151.co.uk/brief/#pembrok… #localgov @pembrokeshire

Powys passes budget room151.co.uk/brief/#powys-p… #localgov

Low PWLB rates prompt councils to go longer on debt: Councils have used millions of pounds in loans from the Public Works Loan Board in January to convert short-term debt into longer-term borrowing. Government figures show that local authorities took[...] dlvr.it/R0MCJd pic.twitter.com/SeYt3tTxUz

Scottish regeneration projects awarded £20m room151.co.uk/brief/#scottis… #localgov

Northants confident it will balance budget by April #localgov @NorthamptonshireCC

Use of capital receipts to fund redundancies a “necessary evil” say councils: Councils have defended their use of capital receipts to fund redundancy packages, in the face of criticism from an article published on the Huffington Post website. In 2015,… dlvr.it/R0JQZk pic.twitter.com/pO0G9L9Lpp

South Somerset expands its commercial property holdings: South Somerset District Council has announced the purchase of Linden House, an office block in Clifton, Bristol for £2.75m. Councillor Henry Hobhouse, portfolio holder for property, said: “Current… dlvr.it/R0JQTw pic.twitter.com/wdVZyXvY7e