Redbridge taps market for £75m with RPI-linked muni bond
The London Borough of Redbrige council has raised £75m by issuing a bond which aims to beat the PWLB certainty rate by 118bps.The issuance comes just weeks after PWLB significantly[…]
Author: Gavin Hinks
Interview: Nick Buckland on asset allocation after LGPS pooling
Mercer LGPS adviser Nick Buckland has seen LGPS from both sides of the investment equation and witnessed its transformation through pooling. A former adviser with JLT Employee Benefits before it[…]
Countdown to Room151 LGPS Asset Allocation Forum
LGPS investment officers and s151s of administering authorities have just two weeks left to register for the Room151 LGPS Asset Allocation Forum. Taking place on 7 November at the London[…]
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[…]
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[…]
