A representative of Grant Thornton presented this report which highlighted the key findings and other matters arising from Grant Thornton’s external audit of the financial statements of Merseyside Pension Fund for the year ended 31 March 2023. Subject to the satisfactory completion of the outstanding audit work, Grant Thornton’s anticipated audit opinion would be unqualified.

In response to Members’ questions, Grant Thornton assured Members that there were a number of tasks within their assessment of level 3 asset valuations. Grant Thornton also confirmed that there was nothing they wanted to bring to Members attention ahead of the 2023/24 audit.

Resolved – That the report be noted.