LGPS Central: Why passive equity investing is essential
There has been much discussion over passive versus active investment in the Local Government Pensions Scheme. David Evans explains why LGPS Central has its own in-house team. Since the very[…]
151 News
PWLB: Alternative sources of borrowing are available
The current consultation on borrowing from the Public Works Loan Board may limit local authority options but Mike Jensen argues there are attractive alternatives, among them the Municipal Bonds Agency.[…]
Online interview: Gary Fielding, North Yorks CC
Measures proposed to constrain borrowing by local authorities from the Public Work Loans Board go too far and are “extreme”, according to Gary Fielding, corporate director, strategic resources and section[…]
LATIF North moves online adding focus on COVID-19 to treasury management agenda
LATIF North, Room151’s dedicated conference for treasury and 151 officers across the north of England is going virtual, with an online event on March 25. The gathering had been due[…]
Uncertainty looms over future council funding despite £2.9bn boost
Local government funding confirmed this week will provide a boost to council budgets but there remains uncertainty over resources for the coming years. The House of Commons voted this week[…]
Warwick votes for referendum on 34.2% council tax increase
Warwick District Council has become the first authority to back a referendum on increasing its council tax share above the 2% limit. Residents will be asked on 7th May to[…]
LGPS board holds off on ‘fiduciary duty’ guidance
A key element of the planned guidance on responsible investment for Local Government Pension Scheme member funds has been put on hold because of uncertainty over the impact of the[…]
Peterborough plans £7m repeat of controversial capital receipts treatment
Peterborough City Council has revealed plans to use £7m of capital receipts to help balance its in-year revenue budget and 2020/21 spending proposals – despite controversy surrounding similar moves in[…]
Council audit fees set to be frozen amid increasing pressures on firms
The fees council pay for their external audits are set to be frozen for the second year running despite increasing cost pressures on audit firms, according to the body responsible[…]
‘Dangerously low’ reserve levels prompt 8% rates rise
A Northern Ireland council has voted to increase its domestic rate bills by almost 8% after being told by the Chartered Institute of Public Finance and Accountancy (CIPFA) that its[…]
