Laura Sharman 20 April 2016

Council pension fund decisions will remain with sector says Government

Council pension fund decisions will remain with sector says Government image

Councils will not be forced to invest their pension funds into infrastructure schemes, the Government has confirmed.

Following the launch of a petition calling for a parliamentary debate into its plans, the Government said it would only intervene if there was clear evidence a pension fund authority was not acting 'reasonably and lawfully'.

'The Government has no intention of setting targets for infrastructure investment or removing the right of individual pension fund authorities to make their own decisions about strategic asset allocation,' a statement said.

'However, the pooling scheme assets announced at the July 2015 Budget will improve their capacity to invest in infrastructure, as well as achieving significant cost savings, while maintaining returns.'

The petition has been organised by Unison who have accused the Government of 'gambling away' council workers' pensions. The petition - which requires 100,000 signatures to be considered for debate in Parliament - has currently been signed by over 32,000 people.

Overcoming the barriers to Commercial Card use image

Overcoming the barriers to Commercial Card use

Want to reap the benefits of Commercial Cards but coming up against some challenges? James Sykes, Head of Commercial Cards, Lloyds Bank and David Legg, Head of Corporate Card Products, Lloyds Bank, discuss how the payments industry is helping organisations unlock their true value.
SIGN UP
For your free daily news bulletin
Highways jobs

Career Grade Planning Officer

Royal Borough of Greenwich
£27978 - £37722 per annum + n/a
Career Grade Planning Officer - West Area and East Area Team The Royal Borough of Greenwich continues to faces an unprecedented growth agenda in terms England, London
Recuriter: Royal Borough of Greenwich

Highway Engineer - Reactive Maintenance

Bracknell Forest Borough Council
£35,354 - £40,506 incl. LWA, plus £963 car allowance
We make a difference to the environment we live in. Come and help us manage our highway infrastructure. Bracknell, Berkshire
Recuriter: Bracknell Forest Borough Council

Lifeguard (South Woodham Ferrers Leisure Centre)

Chelmsford City Council
Grade 3 - Starting at £18, 291 per annum, and rising to £19,515
South Woodham Ferrers is one Chelmsford City Council’s four leisure facilities, offering a variety of sporting activities where there is something ... Chelmsford, Essex
Recuriter: Chelmsford City Council

Car Park Attendant

Chelmsford City Council
Grade 3 - Starting at £18,291 per annum, rising to £19,515
We are seeking an enthusiastic and motivated individual to join our Car Park team to support with the day-to-day running of our 19 City Centre car ... Chelmsford, Essex
Recuriter: Chelmsford City Council

Lifeguard (Riverside Leisure Centre)

Chelmsford City Council
Grade 3 - Starting at £18, 291 per annum, rising to £19,515
Riverside Leisure Centre is Chelmsford City Council’s flagship leisure facility, offering a variety of sporting activities where there is something... Chelmsford, Essex
Recuriter: Chelmsford City Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue