Merseyside Pension Fund Losses with Icelandic Banks

Mr Leyland Otter made this Freedom of Information request to Wirral Metropolitan Borough Council

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The request was successful.

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

InfoMgr, FinDMT, Wirral Metropolitan Borough Council

1 Attachment

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


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:


Yours sincerely



Lynette Paterson

Senior Information Management Officer

Business Services - Digital


Treasury Building

Argyle Street
CH41 1AH


[2]Tel: 0151 691 8201

[3][Wirral Borough Council request email]



[4]LGC Awards15_Winner_MIP



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