News that CPI inflation has risen to 3% has sparked a debate about whether local authorities should start taking greater risks with their investments. The official inflation rate ticked up[…]
The council behind the largest commercial property deal by a UK local authority has borrowed almost £50m for another major transaction. Last year, Spelthorne Borough Council borrowed £377.5m from the[…]
Under the European Union’s MiFID II rules eligible local authorities can “elect” to be classified as “professional” investors for regulatory purposes. CIPFA’s web solution PSLink aims to make the process[…]
To mark the launch of CCLA’s Diversified Income Fund, a multi-asset pooled investment vehicle, we invited a group of council treasurers to discuss their appetite for different asset classes, the[…]
Local authorities borrowed almost half a billion pounds from the Public Works Loan Board during September—the second largest monthly total this year. The total of £468m was only topped by[…]
Earlier this year the Economist made a bold claim: data is now the most valuable business asset in the world. Once, the most sought after asset was oil; energy to[…]
Mike Jensen has returned to Lancashire County Council’s treasury management team after a spell as chief investment officer at the Local Pensions Partnership (LPP) LGPS pool. Jensen will take up[…]
A council has agreed a deal with a neighbouring authority to run its revenue-generating property investment strategy—one of two deals accounting for £200m in borrowing from the Public Works Loan[…]
I was pleased to attend the Room 151 Local Authority Treasurers and Investment Forum and Finance Directors Summit at the London Stock Exchange on 14 September, my first attendance even[…]
Treasury managers are increasingly out of the loop when it comes to crucial decisions on council commercialisation, delegates at Room151’s treasury conference have heard. Speaking to the 2017 Local Authority[…]
