Pension fund's investments in tobacco bonds/shares

Rob Davies made this Freedom of Information request to Bolton 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 partially successful.

Dear Bolton 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

Freedom Of Info, Bolton Metropolitan Borough Council

Dear Rob Davies

I acknowledge with thanks your request for information held by Bolton
Council received at this office on 16 April 2018.

This request will be considered under the Freedom of Information Act 2000
and may take up to 20 working days to be processed (although we will
endeavour to provide the information as quickly as possible).

Please be advised that if an exemption applies to the information that you
have requested, the statutory period may be exceeded in accordance with
the provisions of the act.

Please retain the reference number RFI 000568 for any future enquiries
regarding this matter.

Many thanks

The Information Governance Team

                                                     

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http://www.bolton.gov.uk/

Freedom Of Info, Bolton Metropolitan Borough Council

Dear Rob Davies

 

Request for information under the Freedom of Information Act 2000

        

In response to your request for information received at this office on 16
April 2018, please see the Council’s response below.

 

You requested

 

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?

 

In response to questions 1-5, Bolton Council does not operate its own
pension scheme, it is a member of the Local Government Pension Scheme
administered by the Greater Manchester Pension Fund and therefore does not
hold the requested information about the value of the fund or how the
scheme invests its funds.

Contact details for the scheme can be found on the link below:

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

 

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

 

In response to question 6, Bolton Council spends money on smoking
prevention, not smoking related illness. The National Health Service
Clinical Commissioning Group may hold the information you have requested.
Contact details are below:

 

Email address: [2][email address]

Postal address:

FOI
NHS Bolton Clinical Commissioning Group
St Peter’s House
Silverwell Street
Bolton
BL1 1PP

 

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.

 

In response to question 7, Bolton Council has considered your request and
feels that the information you request is exempt from disclosure under the
Freedom of Information Act 2000 (“the Act”).  In this case, we consider
that the exemption under section 21(1) of the Act applies.  Section 21(1)
provides an exemption where the information is reasonably sought by other
means. The information you request can be found on the Public Health
England website. This can be accessed via the link below.

[3]https://fingertips.phe.org.uk/search/dea...

 

Accordingly, we feel this information is reasonably accessible by other
means, therefore making the application of section 21(1) appropriate in
this case. In accordance with the Act, this constitutes a refusal notice
for this part of your request.

 

Should you disagree with our decision, you may appeal to:

The Borough Solicitor, Bolton Council, Town Hall, Bolton, BL1 1RU

Email:  [4][email address]

 

Should you further disagree with the decision following the appeal you may
wish to contact the Information Commissioner:

Information Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow,
Cheshire SK9 5AF

[5]www.ico.gov.uk

Tel: 01625 545700, Fax: 01625 524510

 

Should you have any queries, please contact [6][email address]

 

 

Yours sincerely

 

Mark Allen

Information Governance Officer

Information Governance Team

 

[7]www.bolton.gov.uk

 

 

 

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