Thank you for your email. 

We aim to respond to general enquires within two working days. 

If you have submitted a Freedom of Information request, this will be
logged, and you will receive an acknowledgment email including a reference
number shortly. 

Thanks 

 
Save Time Do It Online!
We have made a few key improvements to our site to make our services easy
to access. Now you can do everything from paying your council tax, to
reporting a faulty street light online. Go to: www.northumberland.gov.uk
and click 'pay, apply or report' to access the relevant forms.
This email is intended solely for the individual or individuals to whom it
is addressed, and may contain confidential and/or privileged material. If
you are not the intended recipient you are notified that disclosing,
copying, distributing or taking any action in reliance on the contents of
this email is prohibited. If you receive this email in error, please
contact the sender and delete the email from any computer. All email
communication may be subject to recording and/or monitoring in accordance
with internal policy and relevant legislation.

[1]Northumberland County Council Stay Home

References

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Dear Mr Davies,
Thank you for your email.
Northumberland County Council Pension Fund merged into Tyne and
Wear Pension Fund on 1 April 2020. The Local Government Pension Scheme
(Northumberland and Tyne and Wear Pension Fund Merger) Regulations 2020
(UK Statutory Instrument 2020 No 502) came into force on 3 June 2020
giving this merger retrospective effect. 
All assets and liabilities of the Northumberland County
Council Pension Fund became the assets and liabilities of the Tyne and
Wear Pension Fund on 1 April 2020, and therefore Northumberland County
Council Pension Fund’s final day as a reporting entity was 31 March 2020.
The Tyne and Wear Pension Fund can be contacted via the following link:
[1]https://www.twpf.info/
Kind regards,
Julia

Information Governance Office

(t)  0345 600 6400

(e) [email address]

══════════════════════════════════════════════════════════════════════════

From: Rob Davies <[FOI #895099 email]>
Sent: 07 September 2022 13:55
To: FOI Mailbox <[Northumberland County Council request email]>
Subject: Freedom of Information request - Investment in Qatar National
Bank
 
CAUTION: This email originated from outside of the organisation. Do not
click links or open attachments unless you recognise the sender and know
the content is safe.

Dear Northumberland County Council,

I'm writing to request information to which I believe I am entitled and
which you may hold.

I am seeking any information on local authority funds that have been
stored with Qatar National Bank in the past 5 years, either as part of
Treasury management operations, or for any other reason. Please provide
the following:-

A breakdown of local authority funds that have been stored with Qatar
National Bank (QNB) since 1 January 2017.
The quantum of the funds invested with QNB and the interest rate earned.
The latest list of approved countries for local authority funds to be
invested in.

Please note that I have also made a request to some local authorities
regarding money invested by council pension funds.

This is a separate request about a different type of investment, not a
duplicated request.

I look forward to a response within the statutory time period.

Yours faithfully,

Rob Davies

-------------------------------------------------------------------

Please use this email address for all replies to this request:
[FOI #895099 email]

Is [Northumberland County Council request email] the wrong address for Freedom of Information
requests to Northumberland County Council? If so, please contact us using
this form:
[2]https://gbr01.safelinks.protection.outlo...

Disclaimer: This message and any reply that you make will be published on
the internet. Our privacy and copyright policies:
[3]https://gbr01.safelinks.protection.outlo...

For more detailed guidance on safely disclosing information, read the
latest advice from the ICO:
[4]https://gbr01.safelinks.protection.outlo...
[5]https://gbr01.safelinks.protection.outlo...

Please note that in some cases publication of requests and responses will
be delayed.

If you find this service useful as an FOI officer, please ask your web
manager to link to us from your organisation's FOI page.

show quoted sections

Dear Mr Davies,
An email has been sent to you this morning in error.
Could we please ask you not to open it and to delete it immediately.
We apologise for the inconvenience this may cause.
kind regards
Julia

Information Governance Office

(t)  0345 600 6400

(e) [email address]

 
Save Time Do It Online!
We have made a few key improvements to our site to make our services easy
to access. Now you can do everything from paying your council tax, to
reporting a faulty street light online. Go to: www.northumberland.gov.uk
and click 'pay, apply or report' to access the relevant forms.
This email is intended solely for the individual or individuals to whom it
is addressed, and may contain confidential and/or privileged material. If
you are not the intended recipient you are notified that disclosing,
copying, distributing or taking any action in reliance on the contents of
this email is prohibited. If you receive this email in error, please
contact the sender and delete the email from any computer. All email
communication may be subject to recording and/or monitoring in accordance
with internal policy and relevant legislation.

[1]Northumberland County Council Stay Home

References

Visible links

Our Ref: 11429  

Dear Mr Davies,

INFORMATION REQUEST - Investment in Qatar National Bank

Thank you for your request for information which will be dealt with under
the terms of the Freedom of Information Act 2000.

In some circumstances a fee may be payable and if that is the case, we
will let you know the likely charges before proceeding.

If you have any queries about this matter please contact us. Please
remember to quote the reference number above in any future communications.

Kind regards,
 
Julia

Information Governance Office
Northumberland County Council
County Hall
Morpeth
Northumberland
NE61 2EF

Tel: 0345 600 6400
Email: [Northumberland County Council request email]
Web: http://www.northumberland.gov.uk

Dear Mr Davies
We have logged your request (11429) as being received on the
7^th September 2022.
I apologise if I interpreted your request incorrectly, we have now
forwarded it to the Finance Department, as soon as we receive their
response it will be forwarded to you.
kind regards
Julia

Information Governance Office

(t)  0345 600 6400

(e) [email address]

══════════════════════════════════════════════════════════════════════════

From: Rob Davies <[FOI #895099 email]>
Sent: 07 September 2022 13:55
To: FOI Mailbox <[Northumberland County Council request email]>
Subject: Freedom of Information request - Investment in Qatar National
Bank
 
CAUTION: This email originated from outside of the organisation. Do not
click links or open attachments unless you recognise the sender and know
the content is safe.

Dear Northumberland County Council,

I'm writing to request information to which I believe I am entitled and
which you may hold.

I am seeking any information on local authority funds that have been
stored with Qatar National Bank in the past 5 years, either as part of
Treasury management operations, or for any other reason. Please provide
the following:-

A breakdown of local authority funds that have been stored with Qatar
National Bank (QNB) since 1 January 2017.
The quantum of the funds invested with QNB and the interest rate earned.
The latest list of approved countries for local authority funds to be
invested in.

Please note that I have also made a request to some local authorities
regarding money invested by council pension funds.

This is a separate request about a different type of investment, not a
duplicated request.

I look forward to a response within the statutory time period.

Yours faithfully,

Rob Davies

-------------------------------------------------------------------

Please use this email address for all replies to this request:
[FOI #895099 email]

Is [Northumberland County Council request email] the wrong address for Freedom of Information
requests to Northumberland County Council? If so, please contact us using
this form:
[1]https://gbr01.safelinks.protection.outlo...

Disclaimer: This message and any reply that you make will be published on
the internet. Our privacy and copyright policies:
[2]https://gbr01.safelinks.protection.outlo...

For more detailed guidance on safely disclosing information, read the
latest advice from the ICO:
[3]https://gbr01.safelinks.protection.outlo...
[4]https://gbr01.safelinks.protection.outlo...

Please note that in some cases publication of requests and responses will
be delayed.

If you find this service useful as an FOI officer, please ask your web
manager to link to us from your organisation's FOI page.

show quoted sections

Dear Mr Davies, 
 
FREEDOM OF INFORMATION ACT REQUEST 
 
I refer to your Freedom of Information request in relation to Investment
in Qatar National Bank. 
 
Right of Access 
 
Section 1(1) of the Act provides any person making a request for
information to a public authority is entitled. 
 
(a) to be informed in writing by the public authority whether it holds
information of the description specified in the request (which Section
1(6) of the Act designates as the "duty to confirm or deny"), and 
 
(b) if that is the case, to have that information communicated to him. 
 
The right is to obtain access to the information itself and not to the
document or record which contains it. 
 
The Act creates a general right of access to information held by public
authorities subject to various exemptions. 
 
Northumberland County Council confirms that it holds the information you
have requested, please see the following information in response. 
 
I am seeking any information on local authority funds that have been
stored with Qatar National Bank in the past 5 years, either as part of
Treasury management operations, or for any other reason. Please provide
the following:- 
 
Q.1 A breakdown of local authority funds that have been stored with Qatar
National Bank (QNB) since 1 January 2017. 

A.1 Information not held.  Northumberland County Council has not placed
any investments with Qatar National Bank since 1 January 2017. 

 
Q.2 The quantum of the funds invested with QNB and the interest rate
earned. 

A.2 Information not held.  Northumberland County Council has not placed
any investments with Qatar National Bank since 1 January 2017. 

 
Q.3 The latest list of approved countries for local authority funds to be
invested in. 
A.3     Information not held.  The Council recognises the need for
security of principal to be of paramount importance.  In recognition of
the need to minimise risks associated with its treasury management
activities, credit rating criteria is used to select counterparties with
whom the Council will place funds.  Officers will analyse all
counterparties prior to investing funds. 
 

The Council's Policy is to follow this credit rating criteria, it does not
specifically list individual counterparties or countries. 

Complaints 
 
If you are unhappy with the way your request for information has been
handled, you can request an internal review by writing within 2 months
from the date of this response to the Information Governance Office: 
 
Information Governance Office, Northumberland County Council, County Hall,
Morpeth, NE61 2EF 
Email: [Northumberland County Council request email] 
 
Information Commissioner 
 
If you remain dissatisfied with the handling of your request, you have a
right by Section 50 of the Act to apply to the Information Commissioner
for a decision as to whether your request has been dealt with in
accordance with the requirements of the Act at: 
 
The Information Commissioner's Office, Wycliffe House, Water Lane,
Wilmslow, Cheshire, SK9 5AF 
Tel: 0303 123 1113, Email: [email address] 
 
There is no charge for making an appeal. 
 
Yours faithfully, 
 

Julia 
FOI Coordinator – Central Team, 
Information Governance Office 
Northumberland County Council 
County Hall 
Morpeth 
Northumberland 
NE61 2EF 
 
Tel: 0345 600 6400 
Email: [Northumberland County Council request email] 
Web: http://www.northumberland.gov.uk 

 
Save Time Do It Online!
We have made a few key improvements to our site to make our services easy
to access. Now you can do everything from paying your council tax, to
reporting a faulty street light online. Go to: www.northumberland.gov.uk
and click 'pay, apply or report' to access the relevant forms.
This email is intended solely for the individual or individuals to whom it
is addressed, and may contain confidential and/or privileged material. If
you are not the intended recipient you are notified that disclosing,
copying, distributing or taking any action in reliance on the contents of
this email is prohibited. If you receive this email in error, please
contact the sender and delete the email from any computer. All email
communication may be subject to recording and/or monitoring in accordance
with internal policy and relevant legislation.

[1]Northumberland County Council Stay Home

References

Visible links