Cash managers report steady MMF demand
An annual survey of cash managers has reported that demand for money market funds (MMFs) remains steady against a backdrop of global uncertainty that names Brexit as one of the[…]
151 News
Brunel launches emerging markets sub-fund
LGPS pool Brunel Pension Partnership Limited has appointed three investment managers to run a newly-launched emerging markets sub-fund. Genesis Investment Management, Wellington Management and Investec Asset Management have been selected[…]
IFS: Some councils set to lose cash despite overall funding boost
Some councils may see a fall in funding next year, despite a government forecast that councils’ core spending power could increase by 4.3% in real terms in 2020-21 compared with[…]
CCLA launches ‘shareholder power’ initiative to tackle modern slavery
Investment manager CCLA has launched an initiative to use shareholder power to encourage companies to tackle the scourge of modern slavery. CCLA has joined with investor organisation Principles for Responsible[…]
Summit told regeneration skills investment is ‘core’ to councils’ functions
Councils must invest in attracting top rate regeneration professionals to secure the future of their areas, delegates to a Room 151 conference have been told. At the recent Housing and[…]
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[…]
Council finance settlement timing “up to new government”
The government has confirmed that the timing of the 2020/21 local government finance settlement will be a matter for the incoming government following December’s general election. Last year, the government[…]
CIPFA property guidance set to provide proportionality advice
Councils will get advice on how to calculate whether their property investments are proportionate or not under new CIPFA guidance on property investment to be released later this month. Last[…]
Advisor warns pension pools over sub-fund closure costs
The costs of closing sub-funds mean Local Government Pension Scheme pools must be extremely careful before launching them, delegates at a Room 151 pensions investment conference heard. John Harrison, an[…]
Forest of Dean quits £50m retail deal
Plans by a Gloucestershire council to invest £50m in a retail development have been abandoned due to the rise in government lending rates. Forest of Dean District Council had been[…]
