The Senior Manager for Operations and Information Governance at Merseyside Pensions Fund (MPF) introduced the report of the Director of Pensions which was to be presented at Pension Committee on 11 July. The report provided an overview of changes affecting the future administration and governance of the Local Government Pension Scheme. Changes included a move of the evaluation date to remove the impact of inflation from the annual allowances’ calculations and changes to the taxation of pensions from the recent Government budget.

Resolved – That the administration and governance changes to the Local Government Pension Scheme be noted, to ensure continued compliance with legislation, statutory guidance, and industry codes of practice.