Pension fund's investments in tobacco bonds/shares

Rob Davies made this Freedom of Information request to Wirral Metropolitan Borough Council as part of a batch sent to 36 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 Wirral 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

InfoMgr, FinDMT, Wirral Metropolitan Borough Council

2 Attachments

Dear Mr Davies

 

Thank you for your recent Freedom of Information request in which you
asked:

 

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.

 

 

Please see the attached spreadsheet in response to Qs. 1-5 of your
request. In respect of Q6-7, our response is as follows:

 

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

Wirral Council does not commission service specifically to treat smoking
related illnesses, we commission services to treat addiction to tobacco.
Wirral Clinical Commissioning Group have  responsibility to commission
services to treat people with smoking related illnesses.

 

7. Please supply the number of deaths attributable to smoking in the local
authority areas covered by your pension fund.

For the period 2014-16 there were 318.2 estimated deaths attributable to
smoking per 100,000 population, aged 35+ in Wirral.  (Period: 2014-2016. 
Source: Public Health Outcome Framework)
[1]https://fingertips.phe.org.uk/search/smo...

 

Please note that whilst Wirral Council is the Administering Authority for
Merseyside Pension Fund, participation in the Fund includes the other
Merseyside authorities of Knowsley, Liverpool, Sefton & St Helens. 
Information in relation to those Authorities can be identified from the
public source signposted above.

 

 

Yours sincerely

 

 

 

Lynette Paterson

Senior Information Management Officer

Business Services - Digital

 

Treasury Building

Argyle Street
Birkenhead
Wirral
CH41 1AH

 

[2]Tel: 0151 691 8201

[3][Wirral Borough Council request email]

 

 

[4]LGC Awards15_Winner_MIP

 

 

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References

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