The council’s additional minimum revenue provision this year – after being under-calculated for more than a decade – is nearly six times its core funding.
The Local Government Pension Scheme Advisory Board has updated its investment code to require cost breakdowns from third-party fund managers, in an attempt to improve transparency.
Local Government Pension Scheme funds in England and Wales reported a negative cashflow position again last year, as schemes paid out £900m more in benefits than they received, according to...
Kent County Council will have to wait a further 10 days before it receives its first payment from the stricken Woodford Equity Income Fund, it has been announced.
