Nottinghamshire Local Pension Board – June 2018

Taking a strategic, or an over, view of the local pension scheme that serves staff at the city council, county council, Nottingham Trent University and many schools.
The fund had assets worth £260 million (as of 31st March 2017).  To lower costs, the fund is part of 1 of 10 pools of funds – the LGPS Central pool – worth £34 billion (it includes West Midlands).
The fund’s investment strategy is – 65% equity, 15% property, 17.5% bonds, 2.5% cash.
The Board started 3 years ago and consists of 4 reps of scheme members and 4 employer reps.
WP_20180614_14_06_22_Pro (3) pension fund service ab0600hPerception today was that more staff may be needed to process the transactions and the queries.
TO BE REVIEWED

Advertisements

Wrong-headed and drawing upon prejudice

A Labour Notts County Councillor has tweeted astonishment by comments made by Tory Cllr Kay Cutts, the leader of Notts County Council –
Northamptonshire has run out of money because it has taken far more refugees than it can cope with.”

_ _ _ _
By far the biggest demands on primary local authorities have been –
– the costs of people living longer and
– the impact of poverty on families and the knock-on costs of family breakdown.
Combine that with
– Northants trumpeting how they were taking one-year payments to not raise council taxes,
– Northants probably not having systems to detect that they were running low on money, and then the costs of emergency measures,
– on top of externalising services in contracts that limits the ability to change if things go wrong;
and we in Nottingham would say that Northants has run out of money because of –
– Conservative austerity policies,
– Conservatives’ unwillingness to raise money for proper public services and
– the broken Conservative model for local government
-.
Kay Cutts’ statement is wrong.
Wrong-headed and either drawing on prejudice, or not worrying about fanning it.
You’d call it dog whistle politics except a dog whistle is supposed to be silent.
You would call her comments, as the Labour County Councillor does – “hateful”,

Watching the results

The timing of this year’s local election results for Labour supporters was painful.
By 3am, Labour losses had mounted up and the Conservatives were gaining.
Labour had lost Derby (with UKIP – a busted flush everywhere else – winning 2 seats) and the Conservatives had won Peterborough and Nuneaton.  Labour had won Plymouth but failed to win Barnet.  The Conservatives had lost Trafford.


By the time Tower Hamlets, the last council, declared, Labour had gained councillors and Kirklees & Tower Hamlets; whilst the Conservatives had lost Trafford.
In the meantime, Labour was perceived to have lost these elections.  Apparently Labour had talked up the prospects of winning Westminster, Wandsworth & Barnet and then failed to.
This may not have been true; what was true was hours of analysis was broadcast without commentators talking about the impact of cuts in finance for local government.
However, projections on share of the vote as if the whole country had voted showed Labour level with the Conservatives and 3 seats ahead applied to a General Election.
Skwawkbox went even further saying “Labour had its best local election results since 1971”.
This seems surprising given some of the massive wins of the past such as 1985, when Labour won 48% of the vote and gained 2,000 councillors.
What actually makes you think is when you reflect on what you can do to improve the results next year.  And whether the Government feel under pressure for their policies on cutting funds to local government services.
Certainly, Alistair Campbell is concerned that Labour is not doing well enough.

Wonderland

Screenshot (848) ab0772h Nottm Playhouse Wonderland
“Best show I have ever see ” – a mate.
And some people really felt it.
Go see.
And if the Nottingham Playhouse was set up to tell Notts stories, this certainly does that.

The Government setting up the miners to force a strike.  Then fouling up the closures to be announced.  An uncontrolled union response leaving no space to call a ballot and starting the strike after the winter.   Notts miners feeling by-passed and a split results.  And so much more.

The play convincingly conveys the sense of heat down the pit.  Visuals are often excellent.  One or two brilliant jokes.  Certainly not just one perspective.

Perhaps some of the political analysis needed a bit longer conversation and less vernacular.
Can’t all be covered but when NACODS almost struck is omitted and the wives and the women against pit closures is only referred to.
Don’t get the title.