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...of Pension Professionals....
...the audits of around 1,000 sets of accounts being late due to widespread and national auditing issues across local government”....
...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....
...“The purpose of ‘national equivalent vote’ projections is to look at what would have happened had there been local elections everywhere,” said Anthony Wells of YouGov....
...It highlighted audio production, which has had just 1 per cent of its budget moved outside London since March 2020....
...If you wait for the perfect moment, when pension fund values are high and annuity rates are peaking, it may never happen....
...Nearby Labour-run Birmingham is among a handful of authorities that have been forced into de facto bankruptcy recently as a result of the mishandling of finances, in the city’s case an equal pay claim....
...The problem was manifested in Oldham, where Labour lost control of the local council after ceding seats to independent councillors who had run on a pro-Palestine ticket....
...Rishi Sunak told to show some vision as local polls leave Tories in a hole...
...The Asphalt Industry Alliance said: “Local authorities don’t have the funds to allow them to carry out the appropriate maintenance interventions.”...
...lower the cost of pension promises....
...The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
...It is as though the burden of creating a sense of community and cohesion has fallen disproportionately on the shoulders of local businesses....
...Rishi Sunak has claimed the result of the next general election is not a “foregone conclusion”, as he seeks to rally disillusioned Conservatives reeling from punishing local elections last week....
...The decision comes as investors withdrew a net £1.6bn in the first three months of the year, nearly 80 per cent more than the outflows suffered a year ago. Jupiter manages a total of £52.6bn....
...Urban wealth funds would manage those assets on a pooled but local basis....
...The local produce push has coincided with several months of protests by farmers, not just in France, but across Europe over low wages, unfair competition from producers outside the bloc, high costs and complex...
...Advertising revenues for the quarter to the end of March dropped to $1.2bn compared with $1.9bn in the same period a year ago....
...Welcome to the FT’s live coverage of the 2024 UK local election results. It has been a busy day, with voters selecting representatives in 107 of England’s 317 and Wales’s 22 councils....
...The advantages of annuities are certainty, simplicity and security — the value of having a known income for life....
...The Scottish National Party will be “breathing a sigh of relief” that it was not contesting a local election on Thursday, according to pollster Mark Diffley....
...Local councillors have also presented voters with an array of campaign literature as they seek to distance themselves from the party and Sunak....
...That would replace a loose set of criteria that draws in private companies effectively at the Panel’s whim....
...Sunak praised local mayors Street and Houchen at Prime Minister’s Questions in the House of Commons on Wednesday as exemplars of what Tories could do in local government....
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