Issue - meetings

AUTHORISED SIGNATORIES

Meeting: 02/02/2021 - Pensions Committee (Item 32)

32 AUTHORISED SIGNATORIES pdf icon PDF 100 KB

Additional documents:

Minutes:

The Head of Finance & Risk, Donna Smith, presented a report that set out proposed changes to authorised signatories at Merseyside Pension Fund (MPF) following a review of the current signatories against business needs and was updated to reflect staff changes.

 

The report described the different requirements for various institutions and functions, including the banks, custodian, and overseas pensions payment agent, as well as the granting of power of attorney where appropriate.

 

The report also formed a part of the Fund’s scheme of delegation and set out the management and authorisation arrangements, for the avoidance of doubt by organisations undertaking due diligence on MPF as an investee company or as a financial services provider, or for purposes of overseas jurisdiction.

 

Moved by the Chair and formally seconded by Councillor Cherry Povall, it was;

 

Resolved – That;

 

1 the arrangements set out in section 3 of the report in relation to the internal control arrangements at Merseyside Pension Fund be approved.

 

2 the officers designated in section 3 of the report as authorised signatories for Merseyside Pensions Fund be approved.