LGC Finance supplement - December 2010
This issue of LGC Finance comes at a crunch time for public finances and a crossroad for local authority pension funds.
The spending review was tough – tougher than many in local government expected – but at least councils can now knuckle down to the job of defining what the new landscape means for them and the services they will provide over the next four years and beyond.
Lord Hutton’s interim report into the future of public sector pensions has also heightened an already charged debate over the affordability of existing schemes.
The squeeze on the public sector has made the job of senior finance professionals more challenging than ever. In this issue, Jonathan Flowers and Alan Finch reveal the real skills needed by the new breed of finance director – and why people are saying no to the top job.
Also in this issue, Cindy Rose looks at how environmental, social and governance issues have become a positive force for change in the investment industry, with investors now firmly in the driving seat.
We also hear from Alan Layton about the approach taken by his fund to the selection, assessment and management of fund managers. The secret, he says, may lie in a more active approach.