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...real terms, compared to 2010-11, according to the Local Government Association....
...Elyn Corfield, chief executive of Lloyds’ business and commercial bank, said she was “delighted to support the CDFI sector to back local businesses, with a focus on deprived areas, and ensure they have access...
...The Local Government Pension Scheme has more than 6mn members. If it were a single fund, it would rank among the top 10 biggest in the world, with more than £365bn of assets....
...In his Budget, Hunt confirmed new measures that require local authority pension funds and private sector retirement plans to disclose their UK investments....
...In a move that will increase pressure over funds with significant allocations offshore, the chancellor confirmed he would introduce a new requirement on defined contribution pension funds, and local authority...
...Funds such as the Pension Protection Fund, the UK’s £32bn-in-assets retirement scheme lifeboat, and Border to Coast Pensions Partnership, a £60bn local authority pool, are among those looking for bargains...
...Urban wealth funds would manage those assets on a pooled but local basis....
...“Particular concerns relate to the BBC moving budgets from its local radio to local online services . . . in effect reducing services for older people or those less able to access online platforms.”...
...The Asphalt Industry Alliance said: “Local authorities don’t have the funds to allow them to carry out the appropriate maintenance interventions.”...
...University leaders in England have warned that a sharp increase in employer pension contributions next year will result in deep cuts to student welfare support and make it harder to recruit staff....
...He added that in April the government would go further by uprating benefits and pensions and extending its household support fund....
...The influx of local investors came as the global hedge funds reported double-digit returns in one of the world’s worst-performing markets while local asset managers struggled to make ends meet....
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...Hunt promised £165mn to fund extra capacity for children’s social care placements, the costs of which are currently crippling some local authorities and significantly contributing towards budget overspends...
...The Local Government Association welcomed a one-year extension to the housing support fund that helps people struggling to make ends meet....
...The policy reversal follows pushback from groups representing investment managers and pension funds who own freeholds and benefit from the reliable, long-term income that ground rents provide....
...Financial Supervisory Commission has confirmed that Yuanta, the market’s largest ETF provider, had set a new fundraising record, the third time it has been broken this month, amid a fundraising frenzy for local...
...Taiwan fund houses earned NT$9.1bn ($281.1mn) in management fees from exchange traded funds last year, up 28 per cent from 2022, as the local ETF boom drove the market to record highs....
...Europe’s third-largest pension fund has sold €2.8bn of its holdings in oil groups including Shell, BP and TotalEnergies because they were not doing enough to produce credible plans for the clean energy transition...
..., even with demand for EV mechanics rising....
...These are risks that every private pension scheme and sovereign wealth fund faces today. But for these risks, such funds have been rewarded over long-term horizons....
...Sunday’s elections were a first test for Tusk’s coalition and significant because regional and local politicians will be in charge of disbursing part of the €137bn of EU funds that Brussels has started to...
...Three quarters of more than 800 council applications to the first round of the Levelling Up Fund were rejected, with each bid costing an average of £30,000, according to the Local Government Association,...
...Local banks already have a strong local retail investor base that relies on bank dividends as a source of stable income....
...The chancellor is also expected to outline further details on reforming defined benefit pensions and unlocking funds from local authority pension schemes. The BVCA declined to comment....
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