Council invests in caravan company

East London and West Essex Guardian Series: The council has invested heavily in caravan company The council has invested heavily in caravan company

Waltham Forest Council has invested £20million in a company specialising in caravan holidays.

Darwin Leisure Property Fund manages 15 holiday parks in the UK and the authority has joined other council's in using it to boost its pension pot, according to the Professional Pensions website.

The fund boasted 26.2% performance returns in the 12 months to October 31 and the council's pension manager, Debbie Drew, told the site it offered "strong, predictable long-term returns".

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12:37pm Mon 9 Dec 13

mdj says...

It's good to know that the Council has a named Pension & Treasury Manager, Debbie Drew.
This person presumably carries the can if, heaven forbid, things go badly with the pension fund.

Who, then, were the named officials responsible for accounting for the Better Neighbourhoods Initiative funds, the WorkNet funds, the O-Regen funds?....
It's good to know that the Council has a named Pension & Treasury Manager, Debbie Drew. This person presumably carries the can if, heaven forbid, things go badly with the pension fund. Who, then, were the named officials responsible for accounting for the Better Neighbourhoods Initiative funds, the WorkNet funds, the O-Regen funds?.... mdj

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