Stick or twist? De-risking vs growth assets for the fully funded
With deficits in the LGPS falling, is it time to take some risk off the table or is the LGPS wedded to growth assets? Gavin Hinks explores the options. A[…]
Author: Gavin Hinks
Commercial activity given greater prominence in draft CIPFA code
CIPFA has amended its draft Financial Management Code for local authorities to give commercial activity greater prominence. The body has amended the proposals to recognise the importance of commercial activity[…]
Merseyside invests £30m in first LGPS deal with Funding Circle
Merseyside Pension Fund has committed £30m to be the seed investor in a direct lending fund for SMEs that could eventually raise hundreds of millions of pounds. Merseyside has partnered[…]
Low PWLB rates prompt borrowing surge
An 11% jump in borrowing by councils from the Public Works Loan Board (PWLB) during 2018/19 might have been fuelled by fears over a rise in interest rates, according to[…]
Council beats Brexit deadline to approve multi-million investment fund
Cabinet members at Norfolk County Council have approved the creation of an investment fund in a move timed to allow access to European Union money before the UK completes Brexit.[…]
London council set to pursue 50/50 development joint venture
A London council was this week set to approve the creation of a joint venture to develop three major sites in the borough. London Borough of Harrow’s cabinet, due to[…]
Hackney to tackle fuel poverty with clean energy company
Hackney Council has earmarked £150,000 as start-up costs for a council-run energy company to tackle the fuel poverty of almost 10,000 households in the borough. The council’s cabinet this week[…]
Children’s services at “breaking point” and in need of £3.1bn
Children’s services in England are at “breaking point” and must receive increased funding of £3.1bn in the 2019 funding review, according to a report from an influential committee of MPs.[…]
Mutual launches to compete in insurance market
A group of councils has joined the Local Government Association (LGA) in launching a new mutual aimed at offering a better deal for councils on insurance. The mutual will see[…]
Brentwood joins £1bn JV with Morgan Sindall
Brentwood council is set to sign a joint venture with Morgan Sindall Investments worth £1bn in contracts for development in the borough. Though this is the fourth local asset backed[…]
