The Head of Pensions (Finance and Risk) presented the report of the Director of Pensions which highlighted the key findings and other matters arising from Grant Thorntons external audit of the financial statements of Merseyside Pension Fund for the year ended 31 March 2024.

It was reported that Grant Thornton had identified one adjustment which had resulted in a £0.015m adjustment to the Pension Fund’s reported financial position and a small number of changes made to disclosures. The board were informed of the findings of the IT audit following the migration from the One Business system to Oracle Fusion.

Members were given assurances that the Pension Fund were not expecting any further changes to be made upon completion of the outstanding actions.

Resolved – That the report provided by the external auditor, Grant Thornton, be noted.