Copeland in 'Section 114 territory'
Copeland BC is ‘heading rapidly towards its minimum level of reserves and an expectation internally of issuing a Section 114 notice,’ an external assurance review of the council’s financial position has found.
Talks over departure of Slough's Wragg
Talks that are expected to lead to the departure of crisis-hit Slough Council’s chief executive Josie Wragg are underway, The MJ understands.
Slough approves £600m asset sale
Crisis-hit Slough Council has approved plans to flog around £600m worth of assets as it battles to get its finances under control.
Thurrock targets 30 properties for asset sale
Officers have recommended the assets be declared surplus to requirements and released for sale or developed as housing.
Unlocking the potential of council assets
Richard Eccles explores how councils can maximise existing assets to generate much needed income and support local businesses.
Are you missing out on the re-sale revolution?
Finlo Corrin of Liquidity Services looks at why online marketplaces deliver higher returns from surplus assets.
Six steps to smarter surplus resale
Finlo Corrin of Liquidity Services outlines some steps on how to maximise your recovery returns.
Council to review Greensill land sale
Cheshire West & Chester Council has halted the sale of land to Lex Greensill following controversy over his lobbying of government ministers.
Jenrick launches plans to force sale of unused land
Communities secretary Robert Jenrick has announced plans which will force councils to sell unused land and assets.
Council pension funds to 'double down' on corporate governance
Council pension fund investors have vowed to ‘double down’ on demanding the highest standards of corporate governance from boards despite the pressures caused by COVID-19.
Transparency tools made available to pension schemes
The first standalone system to provide information on costs from different investment managers to every local government pension scheme (LGPS) and pool has been made available.
New sustainable fund for pension pool
The London collective investment vehicle (LCIV) has launched a new fund that offers pool members the opportunity to exclude investments in fossil fuels, tobacco and weapons.
Pension partnership in asset manager threat
The £30bn Brunel Pension Partnership has launched a combative new climate policy that threatens to exclude asset managers if they fail to raise their game.
Council launches social impact investment fund
Councils will be able to invest in secured assets that deliver a competitive market return and social impact after Warrington Council helped launch a fund.
Provider chosen for transparency code
Technology provider Byhiras has been selected to develop a platform that will ensure asset managers comply with the local government pension scheme’s (LGPS) code of transparency.
Pension pool to smash Osborne target
A local government pension pool has announced plans to accumulate more than £30bn of assets by the end of 2021, beating the Government’s original expectation.
Sunderland plans HQ move to boost town centre
Plans to move Sunderland City Council’s civic offices in a bid to boost the town centre have been backed by the council’s cabinet.
Asset sales help to reduce frontline cuts
Frontline services would have faced further cuts if councils had not sold assets, the County Councils’ Network (CCN) has said.
Yotta to deliver asset management to Glasgow
Technology firm Yotta has won a seven-year contract with IT and business process service firm CGI to deliver asset management to Scotland’s largest local authority.
Council buys retail park for £53m
Croydon LBC has completed the £53m purchase of another freehold site in the borough to provide additional income for frontline services.