The warning comes as the Commission publishes a report revealing that only one in 20 local authority treasurers retires at the normal retirement age and one in seven chief executives.
The report also warned that contributions from local authorities to pension funds have increased significantly and in 1998/99 stood at more than £800m. It also concluded that the number of retirements on the grounds of ill health had not ‘reduced significantly’.
Early retirement in senior staff is seen as a major problem by the Commission and one which it intends to watch closely.
Greg Birdseye, associate director at the Commission, said: ‘They may be seen as an example to the rest of the staff and as setting the tone for the authority as a whole.’
Andrew Foster, controller of the Commission, said: ‘The trend of early retirement amongst chief executives and treasurers must be looked at carefully.’ Foster said some authorities would ‘face a stiff challenge’ if they are to achieve best value under the new regime coming on 1 April.
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season