THE Local Government Association has called for an inquiry into credit rating agencies, after millions of pounds of council assets were frozen in Icelandic banks.
116 councils are known to have had assets in the banks – assets which include some from local government pension schemes. The LGA has discovered that the credit rating agencies were giving the ban...
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
