The Head of Pensions Administration for Merseyside Pensions Fund (MPF) introduced the report of the Director of Pensions which provided a copy of an update report on developments in the Local Government Pension Scheme (LGPS) taken to Pensions Committee since the previous Board meeting. The report included the review of the Further Education sector where a decision was awaited on whether the Government would provide a guarantee to stand behind the sector’s pension liabilities. Until that was confirmed, MPF would continue to take a prudent approach to funding and would review should a central government guarantee be provided.

Resolved – That the report be noted.