Taken in conjunction with the previous item Mr Robin Baker, Engagement Lead Grant Thornton UK LLP presented the Audit Findings Report for Merseyside Pension Fund (MPF), which had been considered by the Pensions Committee on 15 September 2015 (Minute 17 refers). He highlighted the key issues that had arisen from the audit of the Fund’s financial statements for the year ended 31 March 2015 and anticipated that an unqualified opinion would be provided. The audit had not identified any adjustments affecting the Fund’s reported financial position, which recorded net assets carried forward of £6.8bn.

Resolved – That the report be noted.