Sue Robb of 4Children talks to Julie Laughton and Alison Britton from the Department for Education about the role of childminders in delivering the 30 hours free entitlement.
Council pension decisions to remain with local authorities
Local Government Pension Scheme (LGPS) investment decisions will remain with local authorities, the government has confirmed.
Following a petition calling for a debate into LGPS plans, the Department for Communities and Local Government (DCLG) released a statement saying: “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.”
The petition came as a result of the pooling scheme announced by Chancellor George Osborne in the July 2015 Budget, which the government claims will improve the capacity of councils to use pension funds to invest in infrastructure, as well as achieving significant cost savings, while maintaining returns.
The statement said that councils should still compare their investments in infrastructure against the ‘example set by leading global pension fund investors’ and that councils must invest local government pension scheme funds in the ‘best interests of scheme members’.
A consultation has recently examined the option of granting the Secretary of State a power of intervention, but the DCLG maintains that this would only be used in exceptional circumstances ‘when there was clear evidence that a pension fund authority was not acting reasonably and lawfully’.
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Founded in 1792, Don & Low began as a small woven textiles manufacturer in Scotland, gradually expanding its operations and diversifying its production capabilities over the years. Through strategic investments in technology and a relentless pursuit of quality, Don & Low has evolved into a leading vertically integrated manufacturer, specialising in the production of construction membranes, geotextiles, and industrial textiles & yarns.
Event Diary
UKREiiF has quickly become a must-attend in the industry calendar for Government departments and local authorities.
The multi-award-winning UK Construction Week (UKCW), is the UK’s biggest trade event for the built environment that connects the whole supply chain to be the catalyst for growth and positive change in the industry.
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Supplier Profiles
Neat Bins, Part of Neat Seats Ltd is a company that specialises in cleaning all your wheeled bins
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