• Home
  • About
  • Subscribe
  • LATIF
  • Conferences
  • Dashboard
  • Edit My Profile
  • Log In
  • Logout
  • Register
  • Edit this post

Room 151

  • 151 BRIEF

    What's New?

  • EAPF criticised for water company investments

    August 10, 2022

  • Welsh pension fund confirms £50m investment in clean energy

    August 10, 2022

  • Inflation ‘disastrous’ for local services, warns LGA

    August 10, 2022

  • Consultation opens into care charging reforms

    August 9, 2022

  • ADASS survey: ‘worst fears confirmed for adult social care’

    August 5, 2022

  • GMCA to unlock funds for home energy-efficiency upgrades

    August 4, 2022

  • Treasury
  • Technical
  • Funding
  • Resources
  • LGPS
  • Development
  • 151 News
  • Blogs
    • David Green
    • Agent 151
    • Dan Bates
    • Richard Harbord
    • Stephen Sheen
    • James Bevan
    • Steve Bishop
    • Cllr John Clancy
    • David Crum
    • Graham Liddell
    • Ian O’Donnell
    • Jackie Shute
  • Interviews
  • Briefs

News Roundup: Pensions partnership, Icelandic losses recovered, Northern Ireland finances, coal investments

0
  • by Colin Marrs
  • in 151 News
  • — 15 Oct, 2015

O’Higgins to chair pensions partnership
Former Pensions Regulator chairman Michael O’Higgins, has been appointed as chair the Lancashire County Pension Fund and London Pension Fund Authority’s investment partnership. The partnership is set to pool more than £10bn of assets. LPFA chairman Sir Merrick Cockell, said: “Michael is highly respected in the public and private sectors as well as academia. His experience is invaluable as we develop this unique and ground-breaking partnership and we look forward to working with him.”

Councils recover more Icelandic losses
Councils have recovered another tranche of money lost in the wake of the collapse of the Icelandic banking system in 2008. According to Public Finance, more than a dozen authorities have got back more than £5m between them. 

CIPFA analyses Northern Ireland public finances
The Chartered Institute of Public Finance and Accountancy has published the first ever comprehensive study of the net financial position of devolved public sector services in Northern Ireland. Using the financial statements of devolved public sector bodies, it estimates that the country currently owns £51.8bn of assets and owes £51.3bn in liabilities.

LGPS schemes ‘lose millions in coal investment’
Local Government Pension Scheme funds have lost up to £683m due to a collapse in share prices for coal firms, according to campaigners. Divestment campaign group Platform studies investments by 61 local authority pension funds into BHP Billiton, Rio Tinto, Glencore and Anglo American over the past18 months. It said that the value of Greater Manchester’s coal investments have fallen by £148m.

Government ‘to review infrastructure levy’
A review of the community infrastructure levy is being considered by government according to a senior civil servant. Reports in the press this week that Michael Bingham, deputy head of development for plans and performance at the Department for Communities and Local Government, said that an announcement on a review could be made soon. He also said that reforms to planning fees could be made as part of the forthcoming spending review.

Share

You may also like...

  • Guarded welcome to Prudential Code revisions 28th Jan, 2022
  • New intervention powers and borrowing restrictions ‘credit positive’, says Moody’s 7th Jun, 2022
  • Government proposing further intervention in Slough Borough Council 29th Jul, 2022
  • What role will climate change have on the pricing of government bonds? 24th Feb, 2021

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • 151 BRIEFS – WHAT’s NEW?

    • Inflation ‘disastrous’ for local services, warns LGA
    • Consultation opens into care charging reforms
    • ADASS survey: ‘worst fears confirmed for adult social care’
    • GMCA to unlock funds for home energy-efficiency upgrades
    • Levelling up committee calls for urgent boost to social care funding
  • Room151’s LGPS Roundtables

    Biodiversity
    Valuations & Risk
    LGPS Women

  • Room151’s LGPS Roundtables

    Biodiversity
    LGPS Women
    Valuations & Risk
  • Latest tweets

    Room151 10 hours ago

    Which LGPS pools and funds are attending the LGPS Investment Forum on Nov 2 & the LGPS Private Markets Forum on Nov 1st? Answer here: lnkd.in/eDHU8tuy pic.twitter.com/D3gd63Rh7F

    Room151 1 day ago

    LGPS and levelling up: nothing to fear but fear itself: There have been a number of objections to government plans for LGPS funds to invest 5% of their assets in local projects. But George Graham says these objections can be[...] dlvr.it/SWL7vt pic.twitter.com/ebwBEkZTy4

    Room151 1 day ago

    George Graham @SYpensions @bordertocoast channels his inner FDR in a call for local government pension funds to avoid the fear factor and embrace levelling up #LGPS #localgov room151.co.uk/local-governme…

    Room151 2 days ago

    Changes to rules on capital receipts raise wider questions: Stephen Kitching argues that DLUHC’s latest rule changes are part of a series following on from revisions to MRP guidance and the purchase of commercial property. He questions whether… dlvr.it/SWGqKC pic.twitter.com/Ycr5hWZDPk

    Room151 5 days ago

    ‘No ifs, no buts’: the Bank of England continues its battle with inflation: Partner Content: CCLA Investment Management’s Robert Evans discusses the MPC’s 0.5% increase in the Official Bank Rate and its ongoing commitment to the 2% inflation target… dlvr.it/SW7SNC pic.twitter.com/ryOzYRSNA9

    Room151 6 days ago

    DLUHC changes rules on flexible use of capital receipts: The levelling up secretary has written to all council leaders to amend the rules concerning the flexible use of capital receipts to fund transformation projects. In his letter, Greg Clark[...] dlvr.it/SW3jyX pic.twitter.com/KEhSSaMITl

    Room151 1 week ago

    Local audit and financial reporting: let’s take back control: Mazars’ Suresh Patel suggests three steps that auditors and council finance teams should take to help get financial reporting and local audit back on track. Following my recent appearance… dlvr.it/SW0PfV pic.twitter.com/miL7pjukce

    Room151 1 week ago

    The case for residential investment: income, impact and resilience: Partner Content: Emma Gullifer from Columbia Threadneedle discusses the options for pension funds looking to invest in residential property including the Build-to-Rent market.… dlvr.it/SVzKwN pic.twitter.com/hdgZ4zKt4H

    Room151 1 week ago

    Draft accounts: delays continue despite deadline dash: Dan Bates discusses the latest data on the publication of local authority accounts and examines why so many councils missed the 31 July deadline. Sunday 31 July 2022 was the[...] dlvr.it/SVx2ZT pic.twitter.com/gdELhD3Yis

  • Register to become a Room151 user

  • Previous story Treasury adviser questions rivals over LOBOs
  • Next story Devolution agenda is “delegating Treasury cuts”

© Copyright 2022 Room 151. Typegrid Theme by WPBandit.

0 shares