Croydon Pension Fund

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.

A proposal is underway to rescind a controversial decision to transfer residential property into Croydon’s pension fund so the cash-strapped council could pay less in employer contributions, following a “change in circumstances”.

Stephanie Baxter says some local councils' attempts to find new ways to make savings are welcome but must have strong safeguards