The Head of Finance and Risk, Donna Smith, presented a report that requested Members to approve the treasury management policy statement and the treasury management practices for Merseyside Pension Fund (MPF) for the year 2021/22. Appendix 1 to the report contained the treasury management policy statement.

The report set out the main aims when managing liquid resources that were the security of capital; the liquidity of investments; matching inflows from lending to predicted outflows and an optimal return on investments commensurate with proper levels of security and liquidity. Effective management and the control of risk were prime objectives of the treasury management policy and practices. The report informed that MPF would comply with the twelve treasury management practices set out in the treasury management policy statement.

Resolved – That the treasury management policy statement and the treasury management practices for Merseyside Pension Fund for the financial year 2021/22 be approved.