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LGPS Central ‘ready for Brexit’

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Pension pool LGPS Central will not will not be seriously impacted by Brexit, the fund has said.

Its annual report confirmed that because it is not exposed to cross-border transactions and only has UK customers, it will does not expect an impact on performance.

The report also revealed its first year of operation finished with a net pro?t before tax of £378,000 with an income from partner funds of £9.9m.

Fiscal devolution will require local audit arrangements that are even more robust than those that existed in the era of the Audit Commission, auditor general Gareth Davies has warned.

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