The Head of Finance and Risk for Merseyside Pension Fund presented the report of the Director of Pensions which requested that Members approve the budget for Merseyside Pension Fund (MPF) for the financial year 2023/24. It was noted that the budget was lower than the previous year on account of lower investment management fees being forecast.

Resolved – That

(1)   the budget for 2023/24 be approved (subject to review of charges from the administering authority for support services).

(2)   a further report on the outturn for 2022/23 with finalised estimates, in particular for departmental & central support charges and any known changes in supplies and services for 2023/24, be presented to Members of Pensions Committee at a future meeting.