A report by the Director of Pensions provided Board Members with a report on developments in the Local Government Pension Scheme (LGPS) taken to Pensions Committee since the previous board meeting.

The report advised that on 16 December 2021, the Department for Levelling Up, Housing and Communities (DLUHC) published the Government Actuary Department’s (GAD) report on the 2019 LGPS valuations for England and Wales, as requires, under section 13 of the Public Service Pension Schemes Act 2013. Members of the board were advised that the report was expected to be published in the summer but was delayed due to ministerial time constraints and discussions between various stakeholders.

Yvonne Murphy, Head of Pensions Administration introduced the report and responded to questions.

Resolved – That the outcome of the Section 13 report and the specific information relating  to Merseyside Pension Fund (MPF) be noted.