News-in-Brief

A London Collective Investment Vehicle (LCIV) partner fund has agreed to cut its equity allocation to in favour of greater investments in fixed income

Border to Coast has hired a portfolio manager to join its growing local investment team. The £120bn pool has hired Luke Baker as portfolio

Fiscal and wider devolution will only work if the government “confronts the financial crisis facing councils and local services”, the Local Government Association has

Kent County Council has projected a £21.4m overspend in 2026/27 due to pressures within children’s services, a revenue and capital budget outturn report showed.

Durham County Council is considering “effectively unavoidable” maximum council tax increases over the next four years, a range of new saving proposals across back-office

Industry body Pensions UK has appointed Rachel Brothwood to chair its Policy Board, a move which will help articulate the LGPS perspective in conversations

London boroughs are facing a cumulative budget shortfall of £5.2bn between now and 2030, new analysis has shown.  London Councils’ latest analysis of local

East Sussex County Council has projected a £4.3m overspend within adult social care, a council monitoring report showed.  The overspend is primarily related to

South Holland District Council held £26m in investments as of 30 June 2026 compared with £29m on 31 March 2026, a forecast outturn report

Bolton Council is considering the acquisition of up to 100 homes to help meet an acute need for temporary accommodation in the borough. Cabinet

Worcestershire County Council has warned that it will remain financially fragile even if it qualifies for a further government bailout next year. Faced with

The fees paid by councils for external audit are set to rise by 3% this year to cover the contractual inflationary increase payable to

Richmond Council is expecting to require £24m of external borrowing in 2026/27, according to the authority’s latest treasury management report. Richmond's balances are projected

A budget monitoring report has highlighted a “concerning” estimated closing reserve balance for 2029/30 at Basildon Borough Council, with reserves potentially falling below £1m.

Leed’s-based LGPS Pool Border to Coast has expanded its real estate investment team with a senior appointment, amid growing partner fund appetite for the

The Buckinghamshire Pension Fund, which is since last year part of London CIV, has announced the key leadership appointment in a bid to meet

A “material change of direction” is needed over local government reorganisation (LGR) to avoid creating swathes of new authorities that are less financially sustainable

Welsh local government will not be sustainable unless the “systemic weaknesses” of the current finance system are addressed, a new report has warned. Foundational

Funding of £91m is to go to 14 councils in England that already receive exceptional financial support (EFS), the government has confirmed. The funding

Enfield Council is to acquire 127 social rent homes as part of a regeneration project. A series of agreements with mixed-tenure homes provider Vistry

Wandsworth Council says it will need to increase council tax by £958 for a Band D property, a 94% rise, from April 2027 “unless

West Sussex Council has projected an overspend of £24.5m due to growing demand in both children’s and adult’s social care, a performance and resources

Abena Oppong-Asare has been elected as chair of the Housing, Communities and Local Government Committee.   The committee scrutinises the policy, administration and spending of

Redcar & Cleveland Council has forecast an overspend of £5.6m for 2026/27, which is mainly due to increased pressures in children’s services, a financial

Powys County Council has warned that in order to achieve a balanced budget position in 2026/27, £15.4m will need to be delivered in savings.