Local authority pension fund investment

The request was partially successful.

Dear Sir/Madam,

I am seeking information about the value of the pension fund administered by your authority, as well as the value of specific holdings and dividend income from those holdings.

Please provide whatever answers you can to the following.

1. What is the most recent available value of the pension fund your organisation administers?

2. What is the latest available value of the fund’s directly-held investment in shares or bonds of the following companies: BAE Systems, Raytheon, Airbus, Northrop Grumman, Lockheed Martin, Honeywell.

3. What was the value of these holdings a year before the most recent valuation given above, or at the most recent previous valuation?

4. What dividend income and/or bond yield did the fund receive from these investments in the last 12-month period for which records are available?

4. Does the fund have any other investments in these companies via pooled investments? What is the value and dividend income from these investments?

If you require clarification on any of the above questions, please get in touch on 0203 353 3616, or 07415154041 or email me at [email address].

Yours faithfully,

Rob Davies

Flintshire County Council

I write to acknowledge receipt of your Freedom of Information request
which has been given the reference number F00016960.  Your request has
been forwarded to the Freedom of Information Act Contact Officer for
Pensions to process and this Officer will be in contact with you.

Should you send any further correspondence about this request, please
include the reference number and either e.mail it to
[Flintshire County Council request email], or post it to Freedom of Information, Flintshire
County Council, Information Governance, County Hall, Mold, Flintshire, CH7
6NB.

Regards,

FOI Contact Officer 

____________________________________________________________________________________

FOI Contact Officer |  Swyddog Cyswllt Rhyddid Gwybodaeth

Governance | Llywodraethu 

Flintshire County Council | Cyngor Sir y Fflint

____________________________________________________________________________________

Tel | Ffôn | 01352 702121

Email | Ebost | [Flintshire County Council request email]

http://www.flintshire.gov.uk | http://www.siryfflint.gov.uk 

http://www.twitter.com/flintshirecc | http://www.twitter.com/csyfflint

********************************************************************** We
welcome correspondence in Welsh. We will respond to correspondence
received in Welsh without delay. Opinions advice, conclusions and other
information in this message that do not relate to the official business of
Flintshire County Council shall be understood as neither given nor
endorsed by it or on its behalf, and consequently Flintshire County
Council shall bear no responsibility whatsoever in respect thereof. Rydym
yn croesawu gohebiaeth Gymraeg. Ymatebwn yn ddi-oed i ohebiaeth a
dderbynnir drwy gyfrwng y Gymraeg. Deellir na fydd unrhyw safbwyntiau, na
chynghorion, na chasgliadau nac unrhyw wybodaeth arall yn y neges hon, nad
ydynt yn berthnasol i waith swyddogol Cyngor Sir y Fflint, yn cael eu
cynnig na'u cadarnhau ganddo nac ar ei ran, ac felly ni fydd Cyngor Sir y
Fflint yn derbyn unrhyw gyfrifoldeb am y rhannau hynny o'r neges.
**********************************************************************

Flintshire County Council

Dear Mr Rob Davies

In response to your FOI request, I can confirm the following.

Total value of Clwyd Pension Fund September 2018     £1,886,749,578

Total value of Clwyd Pension Fund September 2017      £1,795,672,547

Exposure to Northrop Grumman Equities Sept 2018      £190,876.00    (0.01%
of total Fund)

Exposure to Northrop Grumman Equities Sept 2017       £258,963      
(0.014% of total Fund

Exposure to Honeywell International Equities Sept 2018   £541,564    
(0.029% of total Fund)

Exposure to Honeywell International Equities Sept 2017   £0

Exposure to Lockheed Martin Equities Sept 2018             £220,830    
(0.012% of total Fund)

Exposure to Lockheed Martin Equities Sept 2017             £283,579     
(0.016% of total Fund)

Exposure to Northrop Grumman Bonds Sept 2018          £338,247      
(0.018% of total Fund

Exposure to Northrop Grumman Bonds Sept 2017          £0

Bond Income to Sept 2018                                         £7,589.00

I hope this is helpful to you but if you are dissatisfied with any aspects
of this response please refer to the Council's FOI Complaints Procedure
below.

Yours sincerely,

Deb Fielder

FOI Officer

If you are dissatisfied with the Council’s handling of your request for
information, you can ask for an internal review within 2 months of the
date of this response. Where your complaint is a complex one it may not be
possible to deal with it within the above timescales. In such a situation
a progress report will be sent within the above timescales.

Requests for an internal review should be addressed to the Council’s
Information Governance Manager at:

Information Governance Team,

County Hall,

Mold,

CH7 6NA

Or by emailing [1][Flintshire County Council request email]

Please remember to quote your original request’s reference number.

You also have the right to complain to the Information Commissioner. The
Information Commissioner can be contacted at the following address:

Information Commissioner’s Office,

Wycliffe House,

Water Lane,

Wilmslow,

Cheshire,

SK9 5AF.

However, please note that the Commissioner will not normally investigate a
complaint until it has been through our own internal review process

********************************************************************** We
welcome correspondence in Welsh. We will respond to correspondence
received in Welsh without delay. Opinions advice, conclusions and other
information in this message that do not relate to the official business of
Flintshire County Council shall be understood as neither given nor
endorsed by it or on its behalf, and consequently Flintshire County
Council shall bear no responsibility whatsoever in respect thereof. Rydym
yn croesawu gohebiaeth Gymraeg. Ymatebwn yn ddi-oed i ohebiaeth a
dderbynnir drwy gyfrwng y Gymraeg. Deellir na fydd unrhyw safbwyntiau, na
chynghorion, na chasgliadau nac unrhyw wybodaeth arall yn y neges hon, nad
ydynt yn berthnasol i waith swyddogol Cyngor Sir y Fflint, yn cael eu
cynnig na'u cadarnhau ganddo nac ar ei ran, ac felly ni fydd Cyngor Sir y
Fflint yn derbyn unrhyw gyfrifoldeb am y rhannau hynny o'r neges.
**********************************************************************

References

Visible links
1. mailto:[Flintshire County Council request email]

Dear Flintshire County Council,

Many thanks for this response. I note that while you have provided figures for bond income, you haven't provided the dividend income from the equities. Was that perhaps an oversight?

Thanks

Yours faithfully,

Rob Davies