FINANCE

Fund warned: 'Live within your means'

A group of West Midlands councils has refused to bail out the region’s pension fund, which is facing a £2.9bn deficit, and warned it needed to ‘live within its means’.

By Sam Clayden | 09 November 2016

A group of West Midlands councils has refused to bail out the region's pension fund, which is facing a £2.9bn deficit, and warned it needed to ‘live within its means'.

Birmingham City Council leader John Clancy claimed the West Midlands Pension Fund needed to ‘get its financial house together' after trustees asked the seven local councils to contribute an extra £100,000 next year.

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Popular articles by Sam Clayden

  1. Reach out and Tweet
  2. Riordan calls for social media abuse clampdown
  3. Call for business rates to be scrapped
  4. Breathing life into the high streets
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