PENSIONS

Decoupling the accounts is the way forward

The Government’s proposal to publish and audit the accounts of the Local Government Pension Funds separately from the councils that administer them makes sense, say Neil Swannick and George Jabbour.

© Sutthiphong Chandaeng/Shutterstock.com

We are from different political parties, but have no hesitation in supporting what we believe to be a particularly sensible proposal within the recently launched Government consultation about the Local Audit Reform: A Strategy for Overhauling the Local Audit System in England.

In its consultation, the Government states that it is considering decoupling the accounts of the Local Government Pension Funds from those of the local authorities that administer them.

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