Last summer CIPFA, with the help of Aon Hewitt, issued a statement on the governance principles for administering authorities in developing their relationship with the newly created investment pools.
The April 2018 deadline for the creation of the pools is fast approaching and the principles included in that document are more appropriate than ever. They are aimed at the administering authorities and offer advice and guidance on how they should build a relationship with the pools.
As the asset pools have developed over the last 12 months, a couple of key areas have risen in prominence for many participating administering authorities. Most notably, communication and potential conflicts of interest.
This short guide draws out from the full Guidance some of the key points relating to these two important current issues.