I was very pleased to hear this evening that members of Newham Council Overview & Scrutiny Committee had agreed to “call in” the Executive Mayor’s decision to spend up to £500,000 on developing a “Special Purpose Vehicle” (SPV) for the Newham Staff Pension fund without agreement that it…Read more…
“Bloody dangerous” Newham’s proposed pension Special Purpose Vehicle
I posted last week here my concerns about a proposal to Newham Executive about setting up a so called “SPV” for the Councils pension fund.
This would cost at least £500,000 to set up and is in my view very risky and could result in a complete waste of public money.
I am very concerned that there…Read more…