Merseyside Pension Fund Losses with Icelandic Banks

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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
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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protected by the Copyright, Designs and Patents Act 1988.   You are free
to use it for your own purposes, including any non commercial research you
are doing and for the purposes of news reporting. Any other reuse, for
example commercial publication, would require our specific permission, may
involve licensing and the application of a charge

 

 

 

 

 

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