David Green: IFRS 9 checklist
Now that local authorities are in the middle of preparing their first financial statements under the new IFRS 9 Financial Instruments accounting standard, here’s a reminder of what might need[…]
Blogs
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Iain Campbell: The challenge of measuring carbon emissions
Responsible Investing (RI) is an increasingly prominent area for the LGPS. Pressure has been gradually mounting on funds, including numerous Freedom of Information requests and lobbying outside offices. The RI[…]
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Neil Mason: Football and pension funds – the need to identify core principles
I remember that fateful day back in 1981, when my Granddad suggested that I might want to go to watch my local football team. I was nine, bright eyed and[…]
Jackie Bowie: should you be hedging your currency risk?
The main objective when it comes to hedging currency risk is to protect against adverse movements in currencies impacting the overall performance of the fund. As an example, when GBP/USD[…]
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Neo-Chartalists or Neo-Charlatans? A dive into modern monetary theory
Sponsored article: A small revolution is brewing in the world of macroeconomics. It’s an idea that counts a Democratic socialist presidential candidate and a hedge fund manager among its adherents.[…]
Government consultation and draft guidance on LGPS pooling
Michael Hayles, partner, and Ellie Alveyn of Burges Salmon examine the recent concerns some pools have raised about MHCLG’s draft guidance to LGPS administering authorities. In January 2019, the Ministry[…]
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Finance professionals need to be on top of the detail but senior people must also address strategy
While finance professional are expected to have a solid grasp of detail and process, Stephen Fitzgerald argues that for senior officers, it’s strategic thinking that makes the difference. A principal[…]
A local income tax could empower councils – but there’s no free lunch
Tom Harris, UK local government research officer at the Institute for Fiscal Studies, makes the case for income tax devolution. With Westminster in turmoil over how (and whether) to ‘take[…]
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Contemplating commercialism: ask the right questions before you invest
Society of District Council Treasurers president, Jill Penn, offers some practical guidance and the questions a council should ask before taking the plunge into direct property investment. Many types of[…]
Public sector pensions face short-term as well as long-term challenges
Pension fund investments have indeed seen a long-term upward trend and the performance of equities over the last few years has led to expectations that the funding levels in the[…]
