Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Pension fund ‘can’t fund transport plan’

15 February 2019
 

Council pension funds cannot invest in their councils’ transport infrastructure, councillors in Aberdeen have been told. The city council is exploring forming a partnership with the North East Scotland Pension Fund (NESPF) to support local infrastructure investment. But Jonathan Belford, Aberdeen’s chief officer – finance, said: “The law is clear that the NESPF cannot invest in the capital programme of Aberdeen City [Council] as it would be an employer-related...

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