Pension fund assets under management

Robert Noyes made this Freedom of Information request to City of Edinburgh Council

This request has been closed to new correspondence. Contact us if you think it should be reopened.

The request was successful.

Dear City of Edinburgh Council,

1) Please provide in Microsoft excel format for the end of the 2019/20 financial year:
a. the sum total of pension fund assets under management;
b. full details of what the Local Government Pension Fund currently invests in, including: the full name and amounts of each fund, bond, institution and investment held, by asset class or category, including specific equities;
c. full details of any investments in: renewable energy, green technologies, social housing, community wealth building or low carbon funds.

I would like to receive this information in an unlocked excel sheet without protected cells (.xls). If you have to password protect the excel sheet, please can you also provide the password to the excel sheet.

2) Please provide any Local Government Pension Fund or Council policy or strategy statements, meeting minutes, investment principles, or Investment Strategy Statements that commit to reducing investments in fossil fuel producers or to decarbonise the Fund

If one part of the request can be answered sooner than others, please send that information first followed by any subsequent data. If you need further clarification, please contact me by email.

Yours faithfully,

Robert Noyes

City of Edinburgh Council

Robert Noyes

Our ref: 29075

Dear Robert Noyes

Acknowledgement of Request

Subject: Pension Fund Assets Under Management

Thank you for your request for information which was received on 20/08/2020. In your request you asked for the following;

1) Please provide in Microsoft excel format for the end of the 2019/20 financial year:
a. the sum total of pension fund assets under management; b. full details of what the Local Government Pension Fund currently invests in, including: the full name and amounts of each fund, bond, institution and investment held, by asset class or category, including specific equities; c. full details of any investments in: renewable energy, green technologies, social housing, community wealth building or low carbon funds.

I would like to receive this information in an unlocked excel sheet without protected cells (.xls). If you have to password protect the excel sheet, please can you also provide the password to the excel sheet.

2) Please provide any Local Government Pension Fund or Council policy or strategy statements, meeting minutes, investment principles, or Investment Strategy Statements that commit to reducing investments in fossil fuel producers or to decarbonise the Fund.

I can confirm that your request will be processed under the Freedom of Information (Scotland) Act 2002, Environmental Information Regulations (Scotland) 2004, or the INSPIRE (Scotland) Regulations 2009.

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. This means we have until 17/09/2020 to respond to your request.

In some circumstances a fee may be payable and if that is the case we will let you know.

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 quote the reference number above in any future communications.

To promote transparency and accountability, please note it is the Council’s policy to publish all request details and responses made under the freedom of information legislation. This information will be made available through the Council’s website and will not include your personal details. The disclosure log is available at the following link: http://www.edinburgh.gov.uk/homepage/175....

Further information about your rights and accessing information is available on our website at: www.edinburgh.gov.uk

Yours sincerely,

Information Governance Unit
Level 2:1, Waverley Court, Edinburgh EH8 8BG Tel 0131 200 2340
[Edinburgh City Council request email] www.edinburgh.gov.uk

Information Rights Officer 2, City of Edinburgh Council

1 Attachment

Link: [1]File-List

Robert Noyes

 

[2][FOI #686228 email]

 

Our ref: 29075

 

Dear Robert Noyes

 

Freedom of Information (Scotland) Act 2002 - Release of Information

 

Subject: Pension Fund Assets Under Management

 

Thank you for your request for information of 20/08/2020 which has been
processed and considered under the Freedom of Information (Scotland) Act
2002 and the information is provided below.

 

1) Please provide in Microsoft excel format for the end of the 2019/20
financial year:

 

a. the sum total of pension fund assets under management

 

c. £7.5bn

 

b. full details of what the Local Government Pension Fund currently
invests in, including: the full name and amounts of each fund, bond,
institution and investment held, by asset class or category, including
specific equities

 

See attached spreadsheet for full list of investments as at 31 March 2020.
This is also available online at the following link:
[3]https://www.lpf.org.uk/downloads/file/79...

 

c. full details of any investments in: renewable energy, green
technologies, social housing, community wealth building or low carbon
funds

 

Covered by attached spreadsheet – investments are not categorised in this
way.

Please note that this is a formal refusal notice under section 17 of the
Act.

 

2) Please provide any Local Government Pension Fund or Council policy or
strategy statements, meeting minutes, investment principles, or Investment
Strategy Statements that commit to reducing investments in fossil fuel
producers or to decarbonise the Fund

 

See links below: The Fund’s investment strategy is contained in our annual
report – it includes a detailed section on the approach to climate change
(pages 35 – 38).  The Pension Committee report on Stewardship and
Engagement dated 11 December 2019 provides an update on the Fund’s
approach to Responsible Investment in general.  In addition, our ENGAGE
ezine contains details on our ESG strategy.

 

[4]https://www.lpf.org.uk/downloads/file/13...

[5]https://democracy.edinburgh.gov.uk/docum...

[6]https://www.lpf.org.uk/downloads/file/96...

 

Under the Regulations, a request for information can be refused where one
or more exceptions apply. In this instance, the Council is claiming an
exception under regulation 6 because the information is already publicly
available and easily accessible.

 

To promote transparency and accountability, please note it is the
Council’s policy to publish all request details and responses made under
the freedom of information legislation. This information is normally
available through the Council’s website and will not include personal
details. Unfortunately, at the moment, the disclosure log is only partly
available. We hope to have this issue resolved in the near future, after
which time, the full response will be accessible via the following link:
[7]https://www.edinburgh.gov.uk/homepage/10....

 

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 Strategy & Communications

The City of Edinburgh Council

Waverley Court Business Centre 2:1

4, East Market Street

Edinburgh

EH8 8BG or,

Email: [8][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 quote
the 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: [9]www.itspublicknowledge.info/Appeal

Email: [10][email address]

 

Yours sincerely,

 

Sue Brown

Information Rights Officer

 

 

Information Governance Unit

Level 2:1, Waverley Court, Edinburgh EH8 8BG Tel 0131 200 2340

[11][Edinburgh City Council request email]  [12]www.edinburgh.gov.uk

 

 

show quoted sections

References

Visible links
1. file:///tmp/cid:filelist.xml@01D68AB5.614CDFF0
2. mailto:[FOI #686228 email]
3. https://www.lpf.org.uk/downloads/file/79...
4. https://www.lpf.org.uk/downloads/file/13...
5. https://democracy.edinburgh.gov.uk/docum...
6. https://www.lpf.org.uk/downloads/file/96...
7. https://www.edinburgh.gov.uk/homepage/10...
8. mailto:[email address]
9. http://www.itspublicknowledge.info/Appeal
10. mailto:[email address]
11. mailto:[Edinburgh City Council request email]
12. http://www.edinburgh.gov.uk/

Information Rights Officer 2, City of Edinburgh Council

1 Attachment

Link: [1]File-List

Robert Noyes

 

[2][FOI #686228 email]

 

Our ref: 29075

 

Dear Robert Noyes

 

Freedom of Information (Scotland) Act 2002 - Release of Information

 

Subject: Pension Fund Assets Under Management

 

Thank you for your request for information of 20/08/2020 which has been
processed and considered under the Freedom of Information (Scotland) Act
2002. Please accept my apologies, I used the wrong legislation in my
response to question 2, this has been amended.

 

1) Please provide in Microsoft excel format for the end of the 2019/20
financial year:

 

a. the sum total of pension fund assets under management

 

c. £7.5bn

 

b. full details of what the Local Government Pension Fund currently
invests in, including: the full name and amounts of each fund, bond,
institution and investment held, by asset class or category, including
specific equities

 

See attached spreadsheet for full list of investments as at 31 March 2020.
This is also available online at the following link:
[3]https://www.lpf.org.uk/downloads/file/79...

 

c. full details of any investments in: renewable energy, green
technologies, social housing, community wealth building or low carbon
funds

 

Covered by attached spreadsheet – investments are not categorised in this
way.

Please note that this is a formal refusal notice under section 17 of the
Act.

 

2) Please provide any Local Government Pension Fund or Council policy or
strategy statements, meeting minutes, investment principles, or Investment
Strategy Statements that commit to reducing investments in fossil fuel
producers or to decarbonise the Fund

 

See links below: The Fund’s investment strategy is contained in our annual
report – it includes a detailed section on the approach to climate change
(pages 35 – 38).  The Pension Committee report on Stewardship and
Engagement dated 11 December 2019 provides an update on the Fund’s
approach to Responsible Investment in general.  In addition, our ENGAGE
ezine contains details on our ESG strategy.

 

[4]https://www.lpf.org.uk/downloads/file/13...

[5]https://democracy.edinburgh.gov.uk/docum...

[6]https://www.lpf.org.uk/downloads/file/96...

 

Under the terms of the Act, a request for information can be refused where
one or more of the exemptions listed in the Act apply. In this instance,
the Council is claiming an exemption under section 25 of the Act because
the information is ‘otherwise accessible’.

 

To promote transparency and accountability, please note it is the
Council’s policy to publish all request details and responses made under
the freedom of information legislation. This information is normally
available through the Council’s website and will not include personal
details. Unfortunately, at the moment, the disclosure log is only partly
available. We hope to have this issue resolved in the near future, after
which time, the full response will be accessible via the following link:
[7]https://www.edinburgh.gov.uk/homepage/10....

 

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 Strategy & Communications

The City of Edinburgh Council

Waverley Court Business Centre 2:1

4, East Market Street

Edinburgh

EH8 8BG or,

Email: [8][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 quote
the 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: [9]www.itspublicknowledge.info/Appeal

Email: [10][email address]

 

Yours sincerely,

 

Sue Brown

Information Rights Officer

 

 

Information Governance Unit

Level 2:1, Waverley Court, Edinburgh EH8 8BG Tel 0131 200 2340

[11][Edinburgh City Council request email]  [12]www.edinburgh.gov.uk

 

 

show quoted sections

References

Visible links
1. file:///tmp/cid:filelist.xml@01D68AB6.03041B10
2. mailto:[FOI #686228 email]
3. https://www.lpf.org.uk/downloads/file/79...
4. https://www.lpf.org.uk/downloads/file/13...
5. https://democracy.edinburgh.gov.uk/docum...
6. https://www.lpf.org.uk/downloads/file/96...
7. https://www.edinburgh.gov.uk/homepage/10...
8. mailto:[email address]
9. http://www.itspublicknowledge.info/Appeal
10. mailto:[email address]
11. mailto:[Edinburgh City Council request email]
12. http://www.edinburgh.gov.uk/