The proposal to rescind a controversial decision to transfer residential property into Croydon’s pension fund so it could pay less in contributions will be deferred until more valuation information is available.
The asset-backed funding structure for the Croydon Pension Fund was greenlit in 2019 and saw the cash-strapped council agree the London Borough of Croydon would transfer residential property valued...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
