Pension fund's investments in tobacco bonds/shares

Stockport Metropolitan Borough Council did not have the information requested.

Dear Stockport Metropolitan Borough Council,

I am seeking information about the value of the local authority pension fund’s investment in tobacco shares and bonds, as well as the income from those investments. Please provide whatever answers you can to the following.

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

2. What is the value of the fund’s directly-held investment in shares or bonds of the following companies: British American Tobacco, Imperial Brands, Japan Tobacco International, Altria Group Inc, Philip Morris International, Universal Corp, Alliance One International?

3. What is the total combined value of the fund’s directly-held investments in the companies named above?

4. What income did the fund receive from these investments in the last 12-month period for which records are available?

5. Does the fund have any other investments in tobacco via pooled investments? What is the value of these?

6. What is the local authority’s annual spend on smoking-related illness?

7. Please supply the number of deaths attributable to smoking in the local authority areas covered by your pension fund. Your Director of Public Health or equivalent should be able to supply this figure.

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

FOI Officer, Stockport Metropolitan Borough Council

Dear Mr Davies

Thank you for your request for information (FOI 45721) submitted under the Freedom of Information Act 2000 which has been given the above mentioned reference number. Please quote this on any correspondence regarding your request.

Stockport Council will respond to your request within 20 working days from the date of receipt. If there will be a charge for disbursements e.g. photocopying in order to provide the information, we will inform you as soon as possible to see if you wish to proceed; however such charges are usually waived if they amount to less than £10.

Yours sincerely,
Fahmida Firdaws
Advanced Apprentice
Information Governance, Stopford House (UG South)
Stockport Metropolitan Borough Council, SK1 3XE
Tel: 0161 474 4299

show quoted sections

FOI Officer, Stockport Metropolitan Borough Council

Dear Mr Davies,

 

I am writing in response to your request for information (FOI 45721).

 

The relevant Council Service(s) has searched for the requested information
and our response is as follows:

 

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

 

2. What is the value of the fund’s directly-held investment in shares or
bonds of the following companies: British American Tobacco, Imperial
Brands, Japan Tobacco International, Altria Group Inc, Philip Morris
International, Universal Corp, Alliance One International?

 

3. What is the total combined value of the fund’s directly-held
investments in the companies named above?

 

4. What income did the fund receive from these investments in the last
12-month period for which records are available?

 

5. Does the fund have any other investments in tobacco via pooled
investments? What is the value of these?

 

6. What is the local authority’s annual spend on smoking-related illness?

 

7. Please supply the number of deaths attributable to smoking in the local
authority areas covered by your pension fund. Your Director of Public
Health or equivalent should be able to supply this figure.

                                  

This request needs to be directed to the Greater Manchester Pension Fund
as its not information we hold. You can contact them on 0161 301 7000 or
via the following link:

 

[1]https://www.gmpf.org.uk/eforms/contact.htm

 

If you are unhappy with the way we have handled your request for
information, you are entitled to ask for an internal review; however you
must do so within 40 working days of the date of this response. Any
internal review will be carried out by a senior member of staff who was
not involved with your original request. To ask for an internal review,
contact [2][email address] in the first instance.

                          

If you are unhappy with the outcome of any internal review, you are
entitled to complain to the Information Commissioner. To do so, contact:

 

Information Commissioner’s Office

Wycliffe House

Water Lane

Wilmslow

Cheshire

SK9 5AF

 

[3]www.ico.gov.uk

 

01625 545 745

 

Yours sincerely,

 

Danial Farooq

Freedom of Information Officer

Information Governance, Stopford House (Upper Ground South)

Stockport Metropolitan Borough Council, SK1 3XE

Tel: 0161 474 2388

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References

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