Money
Stories, page 61
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Children's Services Budget Approved for Three Boroughs Children's services across three boroughs will receive a £242 million budget for the upcoming financial year, following approval by the Education and Children's Services Committee.
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Kingston Pension Fund Sets Net Zero Target by 2050 with Interim Goals Kingston upon Thames Pension Fund has set an ambitious target to achieve net-zero emissions by 2050, with significant interim goals to reduce carbon intensity and invest in...
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Croydon Council Interviews for Director of Streets and Environment Role Croydon Council's Appointments & Disciplinary Committee met on Tuesday, March 24, 2026, to interview candidates for the crucial role of Director of Streets and Environment. The...
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Croydon Council senior officer salaries revealed Croydon Council has confirmed the salary packages for two senior officer positions, with the Director of Streets and Environment set to earn between £129,900 and £135,064, and...
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Kingston Pension Fund Allocates Significant Capital to Affordable Housing Initiatives Kingston Pension Fund has made a significant investment in affordable housing as part of its commitment to responsible investment and generating sustainable long-term returns....
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Barking and Dagenham Council Pension Fund to Transition Assets to London CIV Pool The Barking and Dagenham Pension Fund is on track to complete its transition of all remaining assets to the London Collective Investment Vehicle (LCIV) pool by March 31, 2026....
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McCloud Remedy Project On Track for June 2026 Completion The McCloud Remedy project remains on track for completion by the end of June 2026, despite a primary risk concerning the timely delivery of essential software from provider...
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Barking and Dagenham Pension Fund Shifts Investments to UK Government Bonds to Reduce Risk The Barking and Dagenham Pension Fund is set to significantly shift its investment strategy, reducing its allocation to equities and increasing its holdings in UK Government...
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Civica Software Failure Creates Red Risk for Kingston Pension Fund A significant risk to the Kingston upon Thames Pension Fund's financial stability has been identified due to a failure by its software provider, Civica, to deliver compliant...
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Barking and Dagenham Council Pension Fund Surpasses Targets with 108% Funding Level The Barking and Dagenham Council pension fund has achieved a significant milestone, reaching a funding level of 108% as of March 31, 2025. This improvement, up from 101% in...
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Barking and Dagenham Pension Fund Admits New Bodies Without Bonds Due to Small Employee Numbers The Barking and Dagenham Pension Fund has admitted five new bodies without requiring a bond, a decision approved by the Pensions Committee on 26 March 2026. This approach was...
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Kingston Pension Fund Reports £350 Million Surplus Driven by Investment Returns Kingston Pension Fund Surpasses Expectations with £350 Million Surplus
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Barking and Dagenham Pension Fund Value Surges to £1.5bn, Outperforming Peers The Barking and Dagenham pension fund has seen its value rise to £1.527 billion for the year ending March 31, 2025, marking a 5% increase from the previous year. This growth...
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Lambeth Council Approves 2024-25 Accounts Amidst Financial Recovery and Government Funding Lambeth Council has approved its final statement of accounts for the 2024-25 financial year, a significant step in its ongoing financial recovery. The Corporate Committee met on...
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Islington Council Joins Pan-London Postal Services Procurement Initiative Islington Council has agreed to join a Pan-London Procurement initiative for postal goods and services, a move expected to enhance value for money and service resilience.
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Lambeth Council Rebuilds Financial Reserves with £116 Million Support Lambeth schools that have recently de-federated from the Gipsy Hill Federation are facing scrutiny over their financial management practices. Internal audit reports have...
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Islington Launches Three-Year Crisis and Resilience Fund to Combat Poverty Islington Council has launched a new Crisis and Resilience Fund aimed at tackling the root causes of financial hardship and providing support to residents facing poverty. The...
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Islington Council Exceeds Apprenticeship Target Islington Council has successfully exceeded its target for apprenticeship starts, a key performance indicator for the 2022-2026 period. The council's Executive committee...
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Lambeth Pension Fund Underperforms Investment Benchmarks Amidst Equity Mandate Weakness Lambeth Pension Fund has faced scrutiny over its investment performance, with reports indicating a shortfall against benchmarks across multiple timeframes. The fund's assets...
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Islington Council forecasts £4.3m budget underspend for 2025/26 due to increased income Islington Council is forecasting a significant budget underspend of £4.337 million for the 2025/26 financial year, a positive development attributed to increased parking income...