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  • 155 Bishopsgate
    London
    EC2M 3YD

16th Annual Local Authority Treasurers Investment Forum & FDs’ Summit 2024

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Over the past 16 years, Room151’s Local Authority Treasures Investment Forum (LATIF) and Finance Directors’ (FDs’) Summit has become the must-attend annual gathering of local government treasury managers, finance directors and s151 officers.

LATIF & FDs’ summit attracts over 250 delegates with representatives from over 120 local authorities, and includes an exhibition with 20+ key financial services providers to the sector and unparalleled opportunities to network over lunch, coffee and at the ever-popular drinks reception.

Two events in one day

LATIF and FDs’ Summit “two events in one day” format gives delegates the opportunity to mix and match the sessions they attend to make the most of the day out of the office

Plenary sessions
Our opening plenary sessions feature the ever important macro-economic panel and keynote addresses from heavy hitters from the world of local government finance. In previous years we have welcomed Local Government Minister Lee Rowley, Dame Meg Hillier, MP and Sir Tony Redmond.

LATIF
LATIF examines economic and markets risks and opportunities for treasury managers across their councils’ investments and loan books.

FDs’ Summit
FDs’ Summit explores strategic finance and funding challenges with a mix of case-studies, panel sessions and presentations from leading industry figures.

Who should attend?

  • Section 151 officers
  • Deputy section 151 officers
  • Commercial directors
  • Finance directors
  • Chief finance officers
  • Heads of finance
  • Heads of treasury and pensions
  • Treasury managers/officers
  • Chief/principal accountants

For information on sponsorship and exhibition opportunities contact peter.braham@room151.co.uk

The event has been fully booked for the past 2 years, so make sure your register early to secure your free* place.

*Free for local government finance officers, 3 per local authority.

9:00

REGISTRATION & REFRESHMENTS

PLENARY SESSIONS LATIF & FDs’ SUMMIT

Attended by all LATIF & FDs’ Summit attendees.

9:35

Opening remarks from the chair

Speakers
Chris Naylor

director,

Inner Circle Consulting

9:45

KEYNOTE PANEL: What does a new devolved local government landscape look like & how do we fund it?

With a new government in place for less than 80 days what does the future hold for local democracy?  With increased devolution expected, what will this mean for local prosperity and what role can existing local government expect to play? How will councils work with partners to  create regional prosperity and what are the funding models needed to move forward? How likely is fiscal devolution and what role could it play?  How do we create a local government that is empowered and adequately funded to deliver excellent local services and thriving communities?

Speakers
Tony Travers

director

London School of Economics

Carol Culley

executive director of finance

Birmingham City Council

Henri Murison

chief executive

Northern Powerhouse Partnership

10:30

UK MACRO ECONOMY PANEL: What will a new UK government mean for growth, inflation & interest rates?

With a new government in place by the time of the conference, what are the economic scenarios that s151s and treasury managers need to consider in their financial plans and treasury books? What do our panel of experts think are the risks and opportunities that lay ahead? Will UK growth and productivity continue to stagnate? Will international conflicts and climate change continue to have an effect on inflation? What is the outlook for UK interest rates?

Speakers
Sidhant Mehta

investment strategist

CCLA

Deborah Cunningham

chief investment officer, global liquidity markets, senior portfolio manager, executive vice president

Federated Hermes Inc

11:10

SURVEY RESULTS CCLA/Room151 Annual Investment Survey 2024

Following a turbulent year for local government budgets our annual survey of local authority treasurers and s151 officers will track the investment trends across UK local authorities. How is economic uncertainty and budgetary pressures impacting the sector?  How do your own strategies compare to other authorities?

Speakers
Kelly Watson

head of local government relationships

CCLA

11:35

NETWORKING BREAK

Welcome from LATIF Chair

Speakers
Luke Webster

chief investment officer

Greater London Authority

12:15

TMS PANEL: Investment strategies in a falling rate environment

In investment terms cash has been king for the past year, but with interest rates set to come down in the coming months is now the time to look at alternatives to money market funds for the longer term yield? What are the options? How do changes to the Prudential Framework impact the type of investments local authority treasurers can make and how will this impact services? How are authorities managing their capital programmes in the current economic conditions and what impact are squeezed finances having?

Speakers
David Blake

chief operating officer

Arlingclose Limited

Mark Finnegan

lead treasury accountant

West Midlands Combined Authority

Innes Edwards

principal treasury and banking manager

City of Edinburgh Council

Nemashe Sivayogan

head of pension fund, treasury and capital

London Borough of Barking and Dagenham

12:55

Short-duration investing in a falling rates environment

Speakers
Jack Holmes

portfolio manager

Artemis Fund Managers

1:10

The future diversification of public sector funding

Speakers
Daniel Cotti

Adviser to Munix

Munix Municipal Exchange

1:25

NETWORKING LUNCH

2:25

Debt management & borrowing in a reducing rate environment

With interest rates at a 16 year high, many authorities are taking a “wait and see” approach to making borrowing decisions, is this wise or sustainable? How can authorities plan for a drop in interest rates and take a longer-view on debt and take some risk in the medium/longer term? Is the current local-to-local lending market sustainable and what impact are reputational risks having on authorities ability to borrow? Are there alternatives to PWLB?

 

Speakers
Tim Seagrave

commercial finance lead

Manchester City Council

Tim Chapple

strategic financing & investment manager

Oxfordshire County Council

Mark Finnegan

lead treasury accountant

West Midlands Combined Authority

3:00

Are councils more than the sum of their debt?

Speakers
Dan Bates

head of research

Room151

3:15

REGULATORY FOCUS

An update on the main regulatory issues followed by questions, answers and discussion to ensure you have all the latest on the prudential code and IFRSs.

  • Are you ready for the changes to MRP?
  • IFRS16 – what is the impact on PFI contracts & index link debt?
  • What does the call for views on capital flexibilities mean for future local government finances?
  • How do councils prepare for the end of the statutory override for IFRS9?

Questions, answers and discussion

Speakers
Christine Golding

chief accountant,

Essex County Council

Nazmin Miah

director, Link Market Services

Link Group

3:45

NETWORKING BREAK

4:15

How do you do due diligence on complex investments?

Despite CIPFA’s crack down on more commercial investments for authorities there are still an array of products on offer to local government that may present greater risks and challenges. From income strips to sale and lease back arrangements and inflation linked debt – attractive returns are often promised. But what risk assessment needs to take place to ensure financial and reputational disaster are avoided? Do authorities have the resources and expertise to manage these more complex arrangements?

Speakers
Andrew Ireland

director of business development

Capital Letters

4:35

GLOBAL ECONOMY DEBATE: Recovery, resilience & divergence?  

A recent IMF World Economic Outlook described the global economy in 2024/25 as seeing a picture of steady recovery and resilience but with some divergence by region – do our panel agree? What is the interest rate outlook for US, Europe and Asia? What does this mega election year, instability in the middle east, the rise of AI and 2024 seeing the hottest April on record have for a longer-term outlook? How will these factors effect the UK economy?

Speakers
Ben Funnell

head of investment solutions

CCLA

Paras Anand

chief investment officer

Artemis

5:15

Closing remarks

 

 

 

5:20

DRINKS RECEPTION

6:00

POST CONFERENCE DRINKS

Continue networking drinks at a traditional city of London hostelry

9:00
REGISTRATION & REFRESHMENTS
PLENARY SESSIONS LATIF & FDs’ SUMMIT

Attended by all LATIF & FDs’ Summit attendees.

9:35
Opening remarks from the chair
Chris Naylor

director,

Inner Circle Consulting

9:45
KEYNOTE PANEL: What does a new devolved local government landscape look like & how do we fund it?

With a new government in place for less than 80 days what does the future hold for local democracy?  With increased devolution expected, what will this mean for local prosperity and what role can existing local government expect to play? How will councils work with partners to  create regional prosperity and what are the funding models needed to move forward? How likely is fiscal devolution and what role could it play?  How do we create a local government that is empowered and adequately funded to deliver excellent local services and thriving communities?

Tony Travers

director

London School of Economics

Carol Culley

executive director of finance

Birmingham City Council

Henri Murison

chief executive

Northern Powerhouse Partnership

10:30
UK MACRO ECONOMY PANEL: What will a new UK government mean for growth, inflation & interest rates?

With a new government in place by the time of the conference, what are the economic scenarios that s151s and treasury managers need to consider in their financial plans and treasury books? What do our panel of experts think are the risks and opportunities that lay ahead? Will UK growth and productivity continue to stagnate? Will international conflicts and climate change continue to have an effect on inflation? What is the outlook for UK interest rates?

Sidhant Mehta

investment strategist

CCLA

Deborah Cunningham

chief investment officer, global liquidity markets, senior portfolio manager, executive vice president

Federated Hermes Inc

11:10
SURVEY RESULTS CCLA/Room151 Annual Investment Survey 2024

Following a turbulent year for local government budgets our annual survey of local authority treasurers and s151 officers will track the investment trends across UK local authorities. How is economic uncertainty and budgetary pressures impacting the sector?  How do your own strategies compare to other authorities?

11:35
NETWORKING BREAK
12:15
THE PRESIDENTS’ PANEL Our Municipal Missions Manifesto  - how do we balance budgets & deliver excellent services?

Following on from Room151’s Municipal Missions Manifesto series how looking at what local government leaders and experts would like to see the relationship between central and local government evolve. Our panel of presidents of treasury societies give their views on what is needed to reform local government funding given the current financial challenges currently facing the sector.

Michael Hudson

executive director finance & resources

Cambridgeshire County Council

Lorna Baxter

deputy chief executive (section 151 officer)

Oxfordshire County Council

Emma Foy

local government lead

TechnologyOne

Maria G. Christofi

former S151

London Borough of Redbridge & Somerset Council

12:55
Housing and homelessness – how do we ease pressure on budgets and create more homes?

According to LGA figures demand for temporary accommodation has soared by 89% in the past decade putting local authority already strained budgets under increasing pressure. What role can local authorities play in developing more social and affordable housing. What impact can partnerships with the private sector have on reducing the costs to councils?

Suzanne Jones

former s151 officer & consultant

Ian Williams

corporate director of finance & resources (section 151)

Liverpool City Council

Joanne Drew

strategic director of housing and regeneration

London Borough of Enfield

Alison Betts (Scott)

director of finance

Three Rivers District Council

Simon Chisholm

chief investment officer

Resonance

1:35
NETWORKING LUNCH
2:35
Transformation & efficiency – what does this really mean & can savings actually be achieved?

With budgets increasingly under pressure the promise of saving by making fundamental transformations to process, systems and services is tantalising. However, what is really involved in undertaking transformation programmes? What impact can be had on pressurised budget areas such as SEND transport and adult and children’s services? What are the pros and cons of different delivery options such as insource vs outsourcing or using a LATCO? Are further savings really to be had where budgets have already been cut to the core over the past decade?

Joseph Holmes

chief executive

West Berkshire Council

Becky McIntyre

director, resources and transformation/section 151 officer

Calderdale Council

Ashley Hughes

executive director of resources, s151 officer

Cheshire East Council

Janice Gotts

executive director, resources and s73 officer

Cambridgeshire and Peterborough Combined Authority

3:15
How to avoid a “bitter end” to PFI contracts

With over 700 PFI contracts due to expire in the next 10 years and NAO suggesting that public bodies need to start planning for exit 7 years before the contract ends what are the considerations authorities need to think about as PFI contracts expire? An FT article last year suggested that disputes and clashes between private providers and public bodies are causing “bitter ends” to some public/private finance initiatives.  How can FDs’ plan for a smooth transition from PFI contracts? What impact could a chaotic end to PFI deals have to future private sector investment in public sector projects?

Neil Okninski

senior director

Local Partnerships

Philip Gregory

director of finance and commercial services (s151 officer)

Sheffield City Council

3:50
NETWORKING BREAK
4:10
Financial reporting, audit and accounts – how do we create systems that are fit for purpose?

The new government has announced plans to tackle the local audit crisis including 6 backstop dates and a new Code of Audit Practice which will lead to auditors issuing ‘disclaimed’ or ‘modified’ audit opinions where work cannot be completed in full before these deadline. Will these plans be enough to restore local government audit onto a sustainable footing? Is enough being done to address the skills shortage in the sector? How do we create a financial reporting framework in the longer term that is fit for purpose and ensures transparency and value for money to the to the taxpayer?

Suzanne Jones

former s151 officer & consultant

Neil Harris

director of local audit

Financial Reporting Council

Andrew Chappell

head of audit technical

PSAA

Clive Palfreyman

strategic director, finance

London Borough of Southwark

Rikin Tailor

director of finance

Westminster City Council

4:50
An FDs’ guide to successful technology implementation

Many authorities are looking to change longstanding IT and technology systems, but with the implementation of an IT system contributing to Birmingham’s financial woes what are the key considerations for the finance team when commissioning and implementing  such system changes? How do you avoid overspend and systems failures? How do you decide between off the shelf and customization?

Graham Oliver

director - local government and accounting

Moore Insight

Ian Owen

industry director, public sector

TechnologyOne

Omid Shiraji

consultant CIO and advisor

Local Government

Rikin Tailor

director of finance

Westminster City Council

5:30
DRINKS RECEPTION
6:00
POST CONFERENCE DRINKS

Continue networking drinks at a traditional city of London hostelry.

Local government, the LGPS, and national renewal

Finding UK-centric investment solutions that meet the needs of pensioners in an evolving political landscape

INVITATION ONLY

Join a select group of LGPS investors, s151 officers and asset managers at this pre-conference roundtable to discuss the role that LGPS investment might play in delivering the new Labour government’s plans for growth and renewal.  What will increased investments in “UK plc” from pension funds look like?  How can the LGPS collaborate with local government and other partners to assist in local regeneration and growth? What social impact could more investment from pension funds actually deliver? How will LGPS investors balance local investing with their fiduciary duty to provide retirement benefits to members and ensuring a diversified portfolio of assets? Discuss these issues and more on 19th September 2024 at 155 Bishopsgate as part of Room151’s LATIF & FDs’ Summit.

Timetable

08:00: Arrival and refreshments

08:15: On-the-record discussion

09:15: Close of roundtable

Interested in attending?
Please email – sally.shaw@room151.co.uk

Interested in sponsoring?
Please email – stuart.richardson@room151.co.uk

 

“A great opportunity to network whilst gaining and sharing insights from across the sector”
Director of Resources, North Kesteven DC

 

“A great event to gain overviews as well as to participate in discussions with a number of experts and peers in person”
Treasury Manager, Oxfordshire County Council

 

“Great event and excellent networking opportunities”
Finance Team Manager & Deputy S151 Officer, North West Leicestershire District Council

 

“A really insightful day that brought together a number of topical discussion areas and gave a good opportunity to network with fellow treasury colleagues”
Corporate and Treasury Accountant, Solihull MBC

 

“A great gathering, speakers and chance to reflect and gain development time”
Executive Director Finance & Resources, Cambridgeshire County Council

 

“Very informative conference. Good networking. Brilliant location and speakers”
Treasury Manager, London Borough of Waltham Forest

 

“Both LATIF & the FDs summit are excellent and I look forward to attending again”
Service Lead, Finance, Winchester City Council

 

“This was an excellent summit. The panels and presenters were topical, informative and provoked good discussion. It was a great opportunity to network and the exhibitors were approachable and relevant”
Chief Finance Officer, Winchester City Council

 

“LATIF is always a great conference and the one I most look forward to attending. Expert speakers, interesting presentations and addresses from MP’s/Ministers make this event essential”
Finance Business Partner, South Cambridgeshire District Council

 

“Great selection of speakers, all very authoritative and a challenging set of audience questions too”
Senior Pensions Secretary, Local Government Association

 

“Really helpful in understanding the mood of fellow s151s (it’s not just me it would appear)”
Director (DCX & s151 officer), Charnwood Borough Council

Chris Naylor

director,

Inner Circle Consulting

Tony Travers

director

London School of Economics

Carol Culley

executive director of finance

Birmingham City Council

Henri Murison

chief executive

Northern Powerhouse Partnership

Sidhant Mehta

investment strategist

CCLA

Deborah Cunningham

chief investment officer, global liquidity markets, senior portfolio manager, executive vice president

Federated Hermes Inc

Kelly Watson

head of local government relationships

CCLA

Luke Webster

chief investment officer

Greater London Authority

David Blake

chief operating officer

Arlingclose Limited

Mark Finnegan

lead treasury accountant

West Midlands Combined Authority

Innes Edwards

principal treasury and banking manager

City of Edinburgh Council

Nemashe Sivayogan

head of pension fund, treasury and capital

London Borough of Barking and Dagenham

Jack Holmes

portfolio manager

Artemis Fund Managers

Daniel Cotti

Adviser to Munix

Munix Municipal Exchange

Tim Seagrave

commercial finance lead

Manchester City Council

Tim Chapple

strategic financing & investment manager

Oxfordshire County Council

Dan Bates

head of research

Room151

Christine Golding

chief accountant,

Essex County Council

Nazmin Miah

director, Link Market Services

Link Group

Andrew Ireland

director of business development

Capital Letters

Ben Funnell

head of investment solutions

CCLA

Paras Anand

chief investment officer

Artemis

Michael Hudson

executive director finance & resources

Cambridgeshire County Council

Lorna Baxter

deputy chief executive (section 151 officer)

Oxfordshire County Council

Emma Foy

local government lead

TechnologyOne

Maria G. Christofi

former S151

London Borough of Redbridge & Somerset Council

Suzanne Jones

former s151 officer & consultant

Ian Williams

corporate director of finance & resources (section 151)

Liverpool City Council

Joanne Drew

strategic director of housing and regeneration

London Borough of Enfield

Alison Betts (Scott)

director of finance

Three Rivers District Council

Simon Chisholm

chief investment officer

Resonance

Joseph Holmes

chief executive

West Berkshire Council

Becky McIntyre

director, resources and transformation/section 151 officer

Calderdale Council

Ashley Hughes

executive director of resources, s151 officer

Cheshire East Council

Janice Gotts

executive director, resources and s73 officer

Cambridgeshire and Peterborough Combined Authority

Neil Okninski

senior director

Local Partnerships

Philip Gregory

director of finance and commercial services (s151 officer)

Sheffield City Council

Neil Harris

director of local audit

Financial Reporting Council

Andrew Chappell

head of audit technical

PSAA

Clive Palfreyman

strategic director, finance

London Borough of Southwark

Rikin Tailor

director of finance

Westminster City Council

Graham Oliver

director - local government and accounting

Moore Insight

Ian Owen

industry director, public sector

TechnologyOne

Omid Shiraji

consultant CIO and advisor

Local Government

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