Stockport Council News

The Stockport Homes questionable “arms length” relationship with Stockport Metropolitan Borough Council guarantees any possible pension fund losses. Can I afford this? Is the pension fund being run correctly?

Stockport Homes is limited by guarantee i.e., no shares. Therefore, consider what happens if it fails.

Stockport Homes Ltd

NPS Stockport Ltd

SK Solutions Ltd

Individual Solutions Ltd

Whatever this strategy represents, why was it not left “in house”? Surely this indicates an ulterior motive unconnected with the prosperity of the citizens of Stockport – too overcomplicated to be straight. After all, SMBC should have had enough talent on the high payroll to run these, and then it would have been controllable.

The questionable “Arms Length” relationships with SMBC – e.g., guarantees on possible losses on pension funds.

There is a broad question – Why was the hiving off considered necessary in the first place i.e., why where these activities not allowed to remain in-house at the Council? Why was extra administration added – specifically pension funds, outside contractors, third parties dealing with an organisation between them and the Borough Council? Legalities are doubled or tripled and potential misunderstandings can occur.

March 2013:-

£1,159,230.97

February 2013 – £2,385,259.83

http://www.sheilaoliver.org/stockport-homes.html

Void Officer

Ref: 122013NS
Employer: Stockport Homes
Location: Stockport
Salary: Scale 4 (£17,161- £19,126)
Salary Grade:
Working Pattern: Full Time
Working Hours: 37 Hours Per Week
Contract Type: Permanent
Closing date: 26/05/2013 16:00
Job Type: Customer Service, Housing, Property Management
Interview Date: Friday 14th June 2013

January 2013 – £5,405,758.99

This is how much we paid Stockport Homes in December 2012 – £545,964.77.