MPF

John Hanlon made this Freedom of Information request to Liverpool City Council

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Waiting for an internal review by Liverpool City Council of their handling of this request.

Dear Liverpool City Council,

External Auditor Grant Thornton makes reference to there being a major material concern regarding the MPF to the tune of millions of pounds.

According to the MPF they have been giving money to Liverpool City Council to invest.

Based on this please answer the following;

1. The total amount given to LCC by the MPF?

2. A list with the value of all investments made using this money?

Yours faithfully,

John Hanlon

Liverpool City Council

 
Dear John Hanlon
 
Please note:

We would at this time advise that Liverpool City Council in common with
other public authorities is presently dealing with, responding to and
affected by the current public health emergency arising from Coronavirus.

When we have sufficient personnel to be able to deal with, and respond to,
your request we will do so in due course.

We thank you for your patience at this time whilst staff are diverted to
maintaining essential services for the residents of Liverpool during this
current public health emergency.

 
Freedom of Information Act 2000
 
Thank you for your request for information that was received on 29 March
2021 concerning Dear Liverpool City Council,

External Auditor Grant Thornton makes reference to there being a major
material concern regarding the MPF to the tune of millions of pounds.

According to the MPF they have been giving money to Liverpool City Council
to invest.

Based on this please answer the following;

1. The total amount given to LCC by the MPF?

2. A list with the value of all investments made using this money?

Yours faithfully,

John Hanlon...
 
We are dealing with your request under the Freedom of Information Act
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Yours sincerely,
 
Information Team
Liverpool City Council
 
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1 Attachment

 
Dear John Hanlon
 
Thank you for your request for information received on 29 March 2021.
 
Please find attached our response to your request.
 
Yours sincerely,
 
Information Team
Liverpool City Council
 
NOTE: Please do not edit the subject line when replying to this email.
 
LIVERPOOL CITY COUNCIL DISCLAIMER
This email contains proprietary confidential information some or all of
which may be legally privileged and/or subject to the provisions of
privacy legislation. It is intended solely for the addressee.
If you are not the intended recipient, an addressing or transmission error
has misdirected this e-mail; you must not use, disclose, copy, print or
disseminate the information contained within this e-mail. Please notify
the author immediately by replying to this email.
Any views expressed in this email are those of the individual sender,
except where the sender specifically states these to be the views of
Liverpool City Council.
This email has been scanned for all viruses and all reasonable precautions
have been taken to ensure that no viruses are present. Liverpool City
Council cannot accept responsibility for any loss or damage arising from
the use of this email or attachments.

Dear Liverpool City Council,

Please pass this on to the person who conducts Freedom of Information reviews.

I am writing to request an internal review of Liverpool City Council's handling of my FOI request 'MPF'.

The following statement is taken from an MPF case study and contradicts your response to my FOI

"MPF also believes that over the medium to long term, investing in local economic development, service provision and local businesses creates a virtuous circle. MPF’s sponsor, Liverpool City Council (LCC), is responsible for delivering local housing, education, healthcare, social services and developing and maintaining local infrastructure. Devoting some of the pension fund’s capital to investment in housing development, the provision of health and social services or supporting SME growth both alleviates financial pressure on LCC and benefits it directly. For example, investing in funds that support SMEs creates employment and lowers LCC’s costs of supporting the unemployed, increases the council’s tax receipts and generates further economic development through a multiplier effect (i.e. as SMEs or their employees
spend money with other local businesses, economic activity increases overall). If these investments are successful and generate the expected returns, MPF can achieve full funding. Money that LCC would otherwise have had to devote to supporting the Fund can be used to deliver services."

A full history of my FOI request and all correspondence is available on the Internet at this address: https://www.whatdotheyknow.com/request/mpf

Yours faithfully,

John Hanlon