FINANCE

Questions remain over authorities 'co-mingling' funding

Councils may be flouting a ban by using pension fund cash to boost spending budgets.

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By Dan Peters | 27 May 2015

Councils may be flouting a ban by using pension fund cash to boost spending budgets.

The Department of Communities and Local Government (DCLG) banned Local Government Pension Scheme (LGPS) administering authorities from borrowing from staff pension funds to boost their interest returns on banking deposits a few years ago.

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Dan Peters

Popular articles by Dan Peters

  1. Unite members reject pay offer
  2. Ministers: Increase the pace of fixing unsafe buildings
  3. EXCLUSIVE: More than one in three have not published corporate or finance peer challenge in last five years
  4. New Homes Bonus expansion floated
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