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scanlon, Michael Scanlon, deputy chief actuary in the Government Actuary's Department
Local Government Pension Scheme (LGPS) funds are likely to face an increase in their liabilities of up to 1% if the government loses a court case on its 2015 pension reforms, according to a senior Whitehall official.
The government is still waiting on a decision from the Supreme Court on whether it will hear a challenge to last December’s McCloud Appeal Court judgement – which found the government had broken age discrimination laws.
Speaking at last week’s Pensions and Lifetime Savings Association local government conference, Michael Scanlon, deputy chief actuary in the Government Actuary’s Department, said that if the government loses the case “there will be an im
...An incoming political regime at a Derbyshire council has ignored strong warnings from a senior officer that scrapping an emerging development plan will cost it at least £1.4m.
Liverpool City Council is set to reopen its housing revenue account to build new council homes – 11 years after it transferred its remaining stock to a registered provider.
Norfolk County Council’s cabinet has agreed to increase its savings target to £40m for the 2020-21 financial year – at the same time as backing proposals for a £13.2m new finance IT system.
Private sector firms are not matching public sector funding for local regeneration, senior civil servants have admitted. Two senior civil servants at the Ministry of Housing, Communities and Local Government[…]
Local Government Pension Scheme investments in equities dropped by 3.2% in 2017/18 as overall assets rose by 5% compared to the previous year to £275bn, according to the Scheme Advisory[…]
Future versions of the Fair Funding Review should be carried out by an independent body, according to Rob Whiteman, chief executive of the Chartered Institute of Public Finance and Accountancy.[…]
The Public Accounts Committee (PAC) says the government has not done enough to ensure local authorities adopt proper governance arrangements over their increasing commercial ventures. In a report released this[…]
The National Audit Office is investigating the growing trend of councils borrowing from the Public Works Loan Board to fund property investment, it has emerged. The probe was revealed by[…]
Northamptonshire County Council has turned a projected overspend of more than £30m for 2018/19 into a budget surplus of £1m in a turnaround described by the authority’s executive financial director[…]
