Public sector update
Public sector update
Welcome to our round up of important news and updates for public sector organisations.
NHS Integrated Care systems, off pay-roll, risk management technology, digital transformation in central government and local authority trading companies are just some of the topics covered in this newsletter.
Latest Updates
Levelling Up – maximising the opportunity
With the first round of the Levelling Up Fund complete and the second funding round underway, how can you maximise this opportunity? This paper sets out areas you will want to consider whatever stage of the journey you are on.
Single tender waivers
Overuse or weak control of single tender waivers may result in organisations not achieving best value for money or the best service available and may be used to continue relationships with businesses that would not satisfy procurement requirements or where a conflict of interest has not been adequately declared.
We completed a benchmarking exercise, which focused on the NHS sector. This highlights best practice points for consideration, which are relevant to all public sector organisations.
Global Risk Landscape 2022 – a fragmenting world
We surveyed 500 C-suite executives across Europe, MEA, APAC and the Americas for the seventh year running to understand their approach to risk management and how they are responding to global events that threaten their businesses.
How future internal audit team selection will be critical to success
Richard Shave, discusses Greenwashing from the perspective of a fraud investigator: could the fight against greenwashing lead to a change of emphasis in the wider fight against fraud?
The LGPS 2022 Triennial valuation employer covenant considerations
In the LGPS, consideration of employer covenant has been of increasing importance in recent years as both funds and employers recognise the challenge of managing pension liabilities over the long term. This is especially important for Tier 3 employers who do not possess tax/levy raising powers, or a government guarantee.
In this article we have explored potential covenant issues that can affect fund/employer valuation discussions.
Ceasing participation in the LGPS: is now the right time?
Explores how rising government bond yields have affected cessation deficits in the LGPS and how this potentially serves as a catalyst for certain employers to start thinking about whether they should exit the Scheme. With the LGPS 2022 triennial valuation currently underway, we anticipate that many employers will be reviewing their funding levels and potential risk management options in the LGPS.