LGPS to see launch of cost comparison site in 2020
The Scheme Advisory Board (SAB) for LGPS has awarded a contract to build a web-based platform that will allow comparison of asset managers’ fees and costs. SAB has awarded the[…]
Author: Gavin Hinks
LGA calls for Right to Buy reform
The government faces a call to reform the Right to Buy programme amidst claims that local authority housebuilding cannot keep pace with the sale of council homes. The Local Government[…]
Complexity undermining good governance, says LGPS adviser
Underlying governance for the Local Government Pension Scheme is so complex it could provide an “excuse” for non compliance with guidance and advice given to administering authorities, according to an[…]
One-year settlement decision ‘threatens Fair Funding Review’
The government’s decision to push ahead with a one-year spending review has prompted alarm from local government experts that it could force a delay in the implementation of the Fair[…]
Redditch issued with section 24 notice and told to save £1.5m
Auditors have issued an adverse audit report for Redditch Borough Council, telling the council it needs to save £1.5m over the next three years and is at risk of breaching[…]
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[…]
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.[…]
