The Head of Pensions (Finance and Risk) introduced the report of the Director of Pensions which presented the draft conflict of interest policy for Merseyside Pension Fund for approval. It was reported that the policy set out a process for identifying, monitoring and managing conflicts of interest and included a code of conduct and guidance on to whom the policy applied.

Members discussed the specific changes that the policy sought to introduce. The Head of Pensions confirmed that the policy built upon existing procedures and various legislation under one policy and that it was considered best practice for administering authorities to set out a specific conflict of interest’s policy within the context of the Pensions Fund.

Resolved – That the conflict-of-interest strategy for Merseyside Pension Fund be approved.