Merseyside Pension Fund Losses with Icelandic Banks
Dear Wirral Metropolitan Borough Council,
As the Administering Authority to the Merseyside Pension Fund could you kindly inform me as to the quantum of losses sustained by Merseyside Pension Fund on deposits with Icelandic Banks during the recent Financial crisis?
Yours faithfully,
Leyland Otter
Dear Mr Otter
We refer to your Freedom of Information request detailed below.
The information requested is already in the public domain. Merseyside
Pension Fund had two deposits with Iceland banks £5m with Glitnir bank of
which 100% was recovered, £2.5m with Heritable bank of which 94% was
recovered.
Iceland deposit information has been regularly reported in the publicly
available audited financial statements for Merseyside Pension Fund and
contained within the Fund’s published annual report, the information was
last reported in the 2013/14 audited financial statements available at the
following link:
[1]https://mpfmembers.org.uk/content/report...
Yours sincerely
Lynette Paterson
Senior Information Management Officer
Business Services - Digital
Treasury Building
Argyle Street
Birkenhead
Wirral
CH41 1AH
[2]Tel: 0151 691 8201
[3][Wirral Borough Council request email]
[4]LGC Awards15_Winner_MIP
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