News-in-Brief

Kent Pension Fund, one of seven funds who have recently joined the £120bn LGPS pool will in future host the pool’s joint committee secretariat

Medway Council has reported a £5.9m overspend on its finance and interest budget due to flawed interest rate assumptions and an administrative error. The

A former ACCESS partner fund has seen its global equity assets underperform, an annual 2025/26 report showed.  The £5.8bn West Sussex Pension Fund, which

The first results of a major spending review at Wandsworth Council have been considered as the authority looks to tackle significant budget pressures facing

Haringey Council is to launch a programme of actions aimed at “staying in control of its financial future”. The programme follows a series of

The government has been urged to rethink its High Value Council Tax Surcharge (HVCTS) as councils “should not be expected to run a new

Warrington Council's proposed sale of £30m worth of shares it owns in a challenger bank has "fallen through" due to the macroeconomic environment, a

A Border to Coast partner fund has cut employer contribution rates amid an overall improvement of its funding levels. The £3.7bn Cumbria Pension Fund

Westmorland and Furness Council has reported a provisional treasury management underspend of £6.3m for 2025/26. An outturn report noted the impact of “relatively high”

New prime minister Andy Burnham’s pledge to end rough sleeping has been described as “much needed” but the Local Government Association (LGA) said councils

Florence Eshalomi, chair of the housing, communities and local government parliamentary select committee, has been appointed as minister of state in the Ministry for

Surrey Heath Borough Council has reported transformation savings of £2.2m in 2025/26, surpassing its budgeted target of £1.36m. The council ended the year with

Wakefield Council’s Capital Financing Requirement (CFR) has risen to £571m, an increase of £13.5m, a treasury management report showed.  The report said the council

Border to Coast has reported that it has delivered £271m in cost savings for partner funds since inception. The pool also launched a £2.6bn

Powys Council has earned £1.4m from its treasury investments to date, a treasury management report showed.  The council earned interest on short-term money market

Cornwall Council has warned of a possible £22m budget gap despite the provision of the government’s funding settlement, a 2027/28 budget report showed.  The

Angela Rayner has returned as secretary of state for housing, communities and local government just ten months after stepping down from her government posts

Dartford Council is set to meet its target of £5m in investment income, a report showed.  During the year to date, the council has

Finance professionals have a key role to play in ensuring the reliability of sustainability data, CIPFA has said. In a new report, the institute

Somerset Council has appointed Lizzie Watkin as chief financial officer and section 151 officer. She joins from Wiltshire Council, where she served as corporate

The London Pensions Fund Authority (LPFA) has appointed Andre Katz to its board, aimed at bolstering its governance and risk management capabilities. Katz brings more than 25 years of experience in assurance, operational resilience, and compliance. A chartered accountant and certified member of the institute of Risk Management, he has previously held senior leadership roles across both public and private sectors.  He also currently serves as a non-executive director at the maritime and coastguard agency and sits on audit and risk

Brent Council has been forced to use reserves to offset an overspend of £18.3m in its general fund while warning of a looming funding

Tendring Council has earned £4.9m from investments as borrowing remains on hold, a treasury management performance report showed.  The council started the year having

Audit Wales has warned that the way funding is allocated by the Welsh government does not always help councils to get value for money

London Councils has called for the London Plan, intended to be a blueprint for development and growth in the capital, to be "grounded in