Camden and Wandsworth to save £50k in admin merger
Camden and Wandsworth councils will save £50,000 a year after making a decision to merge their pensions administration.
The new shared service will commence from September and will guarantee a focus on accurate pension liabilities calculated and administered at a lower cost.
PW previously reported the two councils would enter a shared service arrangement and is in talks with two other councils looking to join the arrangement.
This is another good example of how we are finding ways to streamline and improve our internal processes
Although some details have yet to be finalised and staff are being consulted, elected members from both town halls have agreed in principle to the shared service arrangements.
Theo Blackwell, Camden’s cabinet member for finance, said: “This is another good example of how we are finding ways to streamline and improve our internal processes, saving money and helping to protect funding for frontline services.
“We will continue to pursue such opportunities in the future, finding further internal efficiency savings for Camden’s council-tax payers.”
Most Viewed
- What does Labour have in store for the pensions industry?
- LGPS latest: GLIL backers invest £475m for UK infrastructure push
- Dashboard costs rose by 23% in 2023, figures show
- Border to Coast launches UK strategy in major private markets push
- How the pensions industry can better support people with mental health problems