Lothian Pension Fund
Dear City of Edinburgh Council,
Can you tell me through the Freedom Of Information Act the
following......
1 How much has been collected from all Councils in the last
5 years and goes towards the Lothian Pension Fund?
2. Is this money from Pension funds then put on the money/stock
markets?
3. How much has been made from the money/stock markets in the last
5 years?
4. Can you tell me all the company's that this money is invested
in? (full list)
5. How many people have received their pensions in the last 5
years, that work for all the Councils that money is collected from
that goes towards the Lothian Pension Fund?
6. Does any of the investment profits go back towards local
services like Road repair etc?
Yours faithfully,
Yours faithfully,
brian ovens
Thank you for your email. We are dealing with your enquiry and we will get
back to you as soon as possible.
Regards,
Customer Services.
This is an automatically generated email. Please do not reply to this
email.
Dear Mr Ovens
Subject: Lothian Pension Fund
Thank you for your request for information received on 27 September 2011.
Your request is being dealt with under the Freedom of Information
(Scotland) Act 2002.
You will receive the information requested within 20 working days unless
the Council does not hold the information, or there is a reason for it to
be withheld. We will write to you in any event.
In some circumstances a fee may be payable and if that is the case we will
let you know. A fees notice will be issued to you, and you will be
required to pay before we will deal with your request.
If you have any requirements regarding the format any information should
be supplied in, e.g. the language to be used, audio, large print and so
on, then please let me know.
If you have any queries or concerns, do not hesitate to get in touch.
Please remember to quote the RFI reference number above in any future
communications.
Your right to seek a review
If you are unhappy with the way we have dealt with your request, you can
ask us to review our actions and decisions by writing to the Head of Legal
and Administrative Services, The City of Edinburgh Council, Waverley Court
Business Centre 3:1, 4, East Market Street, Edinburgh, EH8 8BG or email:
[email address]
Please note that your request must be in a recordable format (email,
letter, audio tape etc.), and that you have 40 working days upon receipt
of this letter to ask for a review. You will receive a full response to
your review request within 20 working days of its receipt. Please remember
to quote the RFI reference number above in any future communications.
If you are not content with the outcome of the review, you can ask the
Scottish Information Commissioner to review our decision. You must submit
your complaint to the Commissioner within 6 months of receiving our review
response. The Commissioner can be contacted at:
The Office of the Scottish Information Commissioner
Kinburn Castle
Doubledykes Road
St Andrews
Fife
KY16 9DS
Telephone: 01334 464610
Fax: 01334 464611
Website www.itspublicknowledge.info
E-mail: [email address]
Further information about your rights and accessing information is
available on our website at: www.edinburgh.gov.uk
Yours sincerely
Karen Blair
Admin Assistant
Access to Information – Central Unit
Level 2:1, Waverley Court, Edinburgh EH8 8BG Tel 0131 200 2340 Fax 529
3603
[email address] www.edinburgh.gov.uk
Dear Mr Ovens
Please see the attached response to your request.
Regards
Mr. Allan Boyd
Complaints Officer
Revenues & Benefits Division
The City of Edinburgh Council
Telephone: 0131 469 5223
The City of Edinburgh Council | Revenues & Benefits Division | Finance
Department | Chesser House, 500 Gorgie Road, Edinburgh, EH11 3YR | Tel
0131 469 5000 | www.edinburgh.gov.uk
You can also view your Council Tax or Non Domestic Rates account online
at: https://myaccount.edinburgh.gov.uk/ and apply for Housing and Council
Tax Benefit online at:
https://benefitsonline.edinburgh.gov.uk/...
Dear Finance FOI,
Thanks for the reply, can you clear a few things up please?
1.In your reply to question 3, I asked how much had been made from money invested in the Money/stock markets, you said 4.70% per annum. Can you tell me what the financial figure is? Not the percentage figure.
2. In question 4 I asked for all the companies this money is invested? Can you clarify, is money being collected by the Pension fund going towards investment in all those companies (or most of them) on the list "Lothian Pension Fund Equities Valuation"?
3. And on question 6 I asked " Does any of the investment profits go back towards local services like Road repair etc"? Can you clarify your answer? You said it is a legal requirement that all profit is retained by Lothian Pension fund, Can you tell me, under which Statute Law Lothian Pension Fund gets this power? Also, I take it that no profits go towards roads, Houses, Scottish Government etc?
If the profits remain in the Lothian pension fund then it must be bursting at the seems if it doesn't go anywhere, does it go anywhere eventually?
Yours sincerely,
brian ovens
Dear Mr Ovens
Please see the annotations below (in red) which I hope clarify matters for
you satisfactorily.
Regards
Mr. Allan Boyd
Complaints Officer
Revenues & Benefits Division
The City of Edinburgh Council
Telephone: 0131 469 5223
The City of Edinburgh Council | Revenues & Benefits Division | Finance
Department | Chesser House, 500 Gorgie Road, Edinburgh, EH11 3YR | Tel
0131 469 5000 | www.edinburgh.gov.uk
You can also view your Council Tax or Non Domestic Rates account online
at: https://myaccount.edinburgh.gov.uk/ and apply for Housing and Council
Tax Benefit online at:
https://benefitsonline.edinburgh.gov.uk/...
Dear Finance FOI,
Thanks for the reply but I don't feel you have answered this question...........
And on question 6 I asked " Does any of the investment profits
go back towards local services like Road repair etc"? Can you
clarify your answer? You said it is a legal requirement that all
profit is retained by Lothian Pension fund, Can you tell me, under
which Statute Law Lothian Pension Fund gets this power? Also, I
take it that no profits go towards roads, Houses, Scottish
Government etc?
Does any of the profits go towards roads, house's Scottish Government etc? And also you said it's a legal requirement that the money stays in the fund, there is tones of stuff to go through to find the answer to your claim of "legal requiredment", can't you point me to this piece of legislation?
Yours sincerely,
brian ovens
Dear Mr Ovens
Subject: Request for Review of 298492
Thank you for your correspondence of 2 November 2011 received by us on 3
November 2011 asking that the Council reviews its handling of RFI 298492.
I can confirm that the Council will deal with your review promptly under
the provisions of the Freedom of Information (Scotland) Act 2002. You will
receive a full response no later than 20 working days upon receipt of your
request.
If you are not content with the outcome of the review, you can ask the
Scottish Information Commissioner to review our decision. You must submit
your complaint to the Commissioner within 6 months of receiving our review
response. The Commissioner can be contacted at:
The Office of the Scottish Information Commissioner
Kinburn Castle
Doubledykes Road
St Andrews
Fife
KY16 9DS
Telephone: 01334 464610
Fax: 01334 464611
Website www.itspublicknowledge.info
E-mail: [email address]
In the meantime, if you have any further queries, please get in touch
quoting the above reference number.
Yours sincerely
Karen Blair
Admin Assistant
Access to Information – Central Unit
Level 2:1, Waverley Court, Edinburgh EH8 8BG Tel 0131 200 2340 Fax 529
3603
[email address] www.edinburgh.gov.uk
Dear Freedom of Information,
Sorry, but this wasn't a new request but a reply asking you to clarify the answers you gave me.
Yours sincerely,
brian ovens
Thank you for your email. We are dealing with your enquiry and we will get
back to you as soon as possible.
Regards,
Customer Services.
This is an automatically generated email. Please do not reply to this
email.
Dear Mr Ovens
When you placed your original request this was logged and has since been responded to by the Department. In your e-mail of 3 November we understood that you were not fully satisfied with the response you received. Therefore the internal review process was initiated to review our handling of your request (and this includes the response you received).
I trust this clarifies the position for you as to why this is now at the review stage.
Regards
Karen Blair
Admin Assistant
Dear Mr Ovens
When you placed your original request this was logged and has since been responded to by the Department. In your e-mail of 3 November we understood that you were not fully satisfied with the response you received. Therefore the internal review process was initiated to review our handling of your request (and this includes the response you received).
I trust this clarifies the position for you as to why this is now at the review stage.
Regards
Karen Blair
Admin Assistant
Dear Mr Ovens
FREEDOM OF INFORMATION () ACT 2002(“FOISA”) – REVIEW OUTCOME
SUBJECT: LOTHIAN PENSION FUND
Samerah Ul-Hassan I Solicitor I Legal & Administrative Services I Waverley
Court, Level 3:1, 4 East Market Street, Edinburgh, EH8 8BG I Tel: 0131 529
4494 I Fax: 0131 529 3603 I E-mail: [email address]
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