Local authority pension fund investment

Rob Davies made this Freedom of Information request to Torfaen Council as part of a batch sent to 96 authorities

This request has been closed to new correspondence from the public body. Contact us if you think it ought be re-opened.

The request was 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

Call Torfaen, Torfaen Council

Thank you for taking the time to email Torfaen County Borough Council.

 

Please be aware that your enquiry is being addressed and a reply will be
sent within 10 working days.

 

Did you know that you can report issues and request information via our
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your enquiry from start to finish.

 

The Mobile App is available on Apple, Android and Windows devices and can
be found by typing Torfaen into the search function in the relevant App
Store.

 

'

show quoted sections

YMWADIAD: Mae'r wybodaeth sy'n gynwysedig yn yr e-bost yma a) yn eiddo i
Gyngor Bwrdeistref Sirol Torfaen; a b) yn gyfrinachol. Fe'i bwriedir ar
gyfer y derbynnydd yn unig. Os nad chi yw’r sawl y cyfeiriwyd hi ato, ni
ddylech ddadlennu, copïo na dosbarthu'r wybodaeth neu ei defnyddio i
weithredu. Os derbyniwch yr e-bost yma fel camgymeriad, gadewch i ni wybod
ar unwaith drwy ffonio ++44 (0) 1495 766366, a danfonwch yr e-bost yn ol
gydag unrhyw atodiadau. RHYBUDD: Gwnewch yn siwr bod gennych ddiogelwch
feirws digonol cyn agor neu ddatgysylltu unrhyw ddogfen sydd yn atodiad
i'r e-bost hwn. Mae’r Cyngor yn croesawu gohebiaeth yn Gymraeg a Saesneg.
Cewch ateb Cymraeg i bob gohebiaeth yn Gymraeg ac ni fydd yn arwain i
unrhyw oedi. Mae data personol sy'n cael ei brosesu gan y cyngor yn cael
ei wneud yn unol â'r gofynion sydd arnom ni o dan y Rheoliad Diogelu Data
Cyffredinol (RhDDC) (UE) 2016/679. Am fwy o wybodaeth ar sut yr ydym yn
gwneud hyn gwelwch ein Hysbysiad Preifatrwydd

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Hello Rob Davies,

Your account has been created.

Thank you for taking the time to register with
www.torfaen.mycouncilservices.com. Please keep your details safe
and do not share them with anyone.

Login Credentials:

  E-Mail [FOI #526956 email]
Password ********

Registration Information:

    Name Rob Davies  
Council Torfaen County Borough Council
Region Wales
Country United Kingdom
  Address Line 1 -
Address Line 2 -
City -
Post Code -
Mobile -
Phone -

You can view or amend your personal details by going to your
account and selecting "My Profile".

Best wishes
Call Torfaen
Torfaen County Borough Council
 

Due to the new General Data Protection Regulations (GDPR), we have
made some changes to our privacy policy. You can view the details
here:  [6]Torfaen Council Privacy Notice

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Hello Rob Davies,
Your service request has been sent to Torfaen County Borough Council.
Please review all the information below and keep it for your records:
SERVICE REQUEST #      2789908
CATEGORY    Customer Contact
Contact Details

Name Rob Davies
Mobile Phone -
Home Phone -
Email Address [FOI #526956 email]

Information

Type of contact
Email
Title of email
Freedom of Information request - Local authority pension fund
investment
Customer email
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
-------------------------------------------------------------------
  Please use this email address for all replies to this request:
[FOI #526956 email] Is [Torfaen Council request email]
the wrong address for Freedom of Information requests to Torfaen
Council? If so, please contact us using this form:
https://www.whatdotheyknow.com/change_re...
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on the internet. Our privacy and copyright policies:
https://www.whatdotheyknow.com/help/offi... For more detailed
guidance on safely disclosing information, read the latest advice from
the ICO:
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Please note that in some cases publication of requests and responses
will be delayed. If you find this service useful as an FOI officer,
please ask your web manager to link to us from your organisation's FOI
page.
-------------------------------------------------------------------
What action has been taken?
Referred to another department
Which department has the email been referred to?
Freedom Of Information ([email address])
Date email was received
17-10-2018
Customer Name
Rob Davies
Customer Email Address
[FOI #526956 email]

Thanks for contacting Torfaen Council. An officer from Call Torfaen will
now manage your request.  We will only contact you if we need any
further information, but you can follow progress of your request in the
app’s My Reports section or [6]your customer portal.

Best wishes
Call Torfaen
Torfaen County Borough Council

Due to the new General Data Protection Regulations (GDPR), we have
made some changes to our privacy policy. You can view the details
here:  [7]Torfaen Council Privacy Notice

References

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5. http://www.torfaen.gov.uk/
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Service request # 2789908:

Thank you for your recent email. Please be aware that your email has
been passed to our Freedom Of Information team.

Should you need to pursue this email in future, please direct your
emails to [email address]

Your contact with Customer Services will now be marked as closed.

Kind Regards

Due to the new General Data Protection Regulations (GDPR), we have
made some changes to our privacy policy. You can view the details
here:  [6]Torfaen Council Privacy Notice

References

Visible links
1. https://getinvolved.torfaen.gov.uk/commu...
2. https://public.govdelivery.com/accounts/...
3. http://www.torfaen.mycouncilservices.com/
4. http://www.torfaen.gov.uk/en/News/News-A...
5. http://www.torfaen.gov.uk/
6. https://www.torfaen.gov.uk/en/AboutTheCo...

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Thank you for your recent email. Please be aware that your email has
been passed to our Freedom Of Information team.

 

Should you need to pursue this email in future, please direct your
emails to [email address]

 

Your contact with Customer Services will now be marked as closed.

 

Kind Regards

Due to the new General Data Protection Regulations (GDPR), we have
made some changes to our privacy policy. You can view the details
here:  [6]Torfaen Council Privacy Notice

References

Visible links
1. https://getinvolved.torfaen.gov.uk/commu...
2. https://public.govdelivery.com/accounts/...
3. http://www.torfaen.mycouncilservices.com/
4. http://www.torfaen.gov.uk/en/News/News-A...
5. http://www.torfaen.gov.uk/
6. https://www.torfaen.gov.uk/en/AboutTheCo...

FOI, Torfaen Council

Dear Mr Davies,

 

18/895: FREEDOM OF INFORMATION REQUEST

 

Thank you for your email dated 17/10/2018 requesting information under the
Freedom of Information Act 2000.  I have logged your email and will deal
with your request in order that we can respond to you within the statutory
deadline of 20 working days.

 

I will contact you further as soon as the relevant information is
available.

 

Yours sincerely

 

 

Chris Corten

SENIOR BUSINESS SUPPORT OFFICER COMPLAINTS/FOI  /  UWCH SWYDDOG CYMORTH
BUSNES CWYNION/RHYDDID GWYBODAETH

Chief Executive’s Service / Gwasanaeth Y Prif Weithredwr

Torfaen County Borough Council / Cyngor Bwrdeistref Sirol Torfaen

Phone/Ffôn: 01495 742170

Fax/Ffacs: 01495 766331

Email/Ebost: [1][email address]

This email is available in large print, Braille or Welsh upon request

 

From: [email address] [mailto:[email address]]
Sent: 17 October 2018 11:49
To: FOI <[email address]>
Subject: Torfaen County Borough Council - A new Customer Contact service
request has been submitted - 2789908

 

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Hello FOI team,

This email has been sent to you from Torfaen County Borough Council by one
of your customers. They have reported the incident and captured all the
details in an aid to help you resolve the issue quickly:

SERVICE REQUEST #      2789908

CATEGORY    Customer Contact

Contact Details

Name Rob Davies
Mobile Phone -
Home Phone -
Email Address [7][FOI #526956 email]

Information

Type of contact
Email
Title of email
Freedom of Information request - Local authority pension fund investment
Customer email
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 [8][email address]. Yours faithfully,
Rob Davies
------------------------------------------------------------------- Please
  use this email address for all replies to this request:
[9][FOI #526956 email] Is
[10][Torfaen Council request email] the wrong address for Freedom of Information
requests to Torfaen Council? If so, please contact us using this form:
[11]https://www.whatdotheyknow.com/change_re...
Disclaimer: This message and any reply that you make will be published on
the internet. Our privacy and copyright policies:
[12]https://www.whatdotheyknow.com/help/offi... For more detailed
guidance on safely disclosing information, read the latest advice from the
ICO: [13]https://www.whatdotheyknow.com/help/ico-...
Please note that in some cases publication of requests and responses will
be delayed. If you find this service useful as an FOI officer, please ask
your web manager to link to us from your organisation's FOI page.

show quoted sections

FOI, Torfaen Council

Dear Mr Davies,

 

18/895: FREEDOM OF INFORMATION REQUEST

 

Thank you for your email dated 17/10/2018 requesting information under the
Freedom of Information Act 2000. I am now in a position to respond to your
questions as follows:

 

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? The latest audited valuation for the Greater
Gwent (Torfaen) Pension Fund was £2.969 billion as at 31 August 2018.

 

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. The Fund
does not directly invest in BAE Systems, Raytheon, Airbus, Northrop
Grumman, Lockheed Martin or 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? Not
applicable.

 

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? Not applicable.

 

 

5.    Does the fund have any other investments in these companies via
pooled investments? What is the value and dividend income from these
investments? The Fund does have indirect investments in these companies
via our BlackRock pooled funds. These are accumulation funds therefore no
dividend income is reported but the approximate value (based on a
percentage of the total fund) at the latest available holdings date of
30^th June 2018 was as follows:

 

BAE SYSTEMS RAYTHEON AIRBUS NORTHROP LOCKHEED HONEYWELL
GRUMMAN MARTIN
GBP Estimated Values as at 30 June 2018
Blackrock
Aquila Life UK 2,938,381 1,275 1,478 1,380 1,786 2,817
Equity Fund
Blackrock
Aquila Life US 608,317 550,403 812,667 1,193,130
Equity Fund
Blackrock
Ascent Life 673,268
European Equity
Fund
Blackrock BSF
Systematic 1,261 942,243 6,214 2,289 3,131 1,265,614
Global Equity
Fund
Blackrock
Developed World 93,022 179,935 220,926 165,281 244,131 354,919
Index Sub Fund
BlackRock Core
Plus UK 215,599 97,543
Corporate Bond
Fund
Total estimated
value in pooled 3,248,262 1,731,770 901,886 719,353 1,159,258 2,816,480
funds 30.06.18

 

Information supplied in response to any Freedom of Information Act request
may be subject to copyright. A single copy of information supplied under
the Freedom of Information Act may only be used for personal,
non-commercial research or study, unless stated otherwise. It must not be
passed to others, copied or re-published in whole or in part without
permission from the copyright holder. Any copyright statement that forms
part of or in any way refers to the information provided must not be
altered or removed.

 

If you have any queries about this letter or are unhappy about the service
you have received in relation to your request and wish to make a complaint
or request a review, please do not hesitate to contact me in writing.

 

If you are not content with the outcome of your complaint, you may apply
directly to the Information Commissioner for a decision. Generally, the
Information Commissioner’s Office (Wales) cannot make a decision unless
you have exhausted the complaints procedure provided by this Council. The
Information Commissioner can be contacted at: The Information
Commissioner’s Office (Wales), 2^nd Floor, Churchill House, Churchill Way,
Cardiff, CF10 2HH. Telephone 016 2554 5297 or e-mail [1][email address].

 

Yours sincerely

 

Chris Corten

ASSISTANT COMPLAINTS/FOI MANAGER / RHEOLWR CYNORTHWYOL CWYNION/RHYDDID
GWYBODAETH

Chief Executive’s Service / Gwasanaeth Y Prif Weithredwr

Torfaen County Borough Council / Cyngor Bwrdeistref Sirol Torfaen

Phone/Ffôn: 01495 742170

Fax/Ffacs: 01495 766331

Email/Ebost: [2][email address]

This email is available in large print, Braille or Welsh upon request

 

From: [3][email address]
[[4]mailto:[email address]]
Sent: 17 October 2018 11:49
To: FOI
Subject: Torfaen County Borough Council - A new Customer Contact service
request has been submitted - 2789908

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Us
Hello FOI team,

This email has been sent to you from Torfaen County Borough Council by one of your customers. They have reported the incident and captured all the details in an aid to help you resolve the
issue quickly:

SERVICE REQUEST # 2789908

CATEGORY Customer Contact

Contact Details

Name Rob Davies
Mobile Phone -
Home Phone -
Email Address [15][FOI #526956 email]

Information

Type of contact
Email
Title of email
Freedom of Information request - Local authority pension fund investment
Customer email
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
[16][email address]. Yours faithfully, Rob Davies ------------------------------------------------------------------- Please use this email address for all replies to this
request: [17][FOI #526956 email] Is [18][Torfaen Council request email] the wrong address for Freedom of Information requests to Torfaen Council? If so, please contact us
using this form: [19]https://www.whatdotheyknow.com/change_re... Disclaimer: This message and any reply that you make will be published on the internet. Our
privacy and copyright policies: [20]https://www.whatdotheyknow.com/help/offi... For more detailed guidance on safely disclosing information, read the latest advice from the ICO:
[21]https://www.whatdotheyknow.com/help/ico-... Please note that in some cases publication of requests and responses will be delayed. If you find this service useful
as an FOI officer, please ask your web manager to link to us from your organisation's FOI page.

show quoted sections