Tobacco investment by local authority pension funds
Dear Aberdeen City 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 local authority's 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 for the latest available 12-month period. 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
Yours faithfully,
Rob Davies
Thank you for your email. The Information Compliance Team is currently
out of the office but will be returning on Wednesday 4 May 2016.
We will respond to your email in due course.
Kind regards
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Dear Mr Davies,
Information enquiry reference FOI-18-0710.
Thank you for your recent request for information, which we received on 01
May 2018.
The scheduled date for our response to your request for information is on
or before 31 May 2018.
Please do not hesitate to contact us should you have any queries in the
meantime.
Yours sincerely,
Salomeh Kheyri Rad
Information Compliance Officer
Information Compliance Team | Customer Feedback | Customer Experience
Aberdeen City Council, Business Hub 17, 3rd Floor North, Marischal
College,
Broad Street, Aberdeen, AB10 1AB
Tel 03000 200 292
Email [1][Aberdeen City Council request email]
[2]www.aberdeencity.gov.uk
*03000 numbers are free to call if you have ‘free minutes’ included in
your mobile call plan.
Calls from BT landlines will be charged at the local call rate of 10.24p
per minute (the same as 01224s).
IMPORTANT NOTICE: This e-mail (including any attachment to it) is
confidential, protected by copyright and may be privileged. The
information contained in it should be used for its intended purposes only.
If you receive this email in error, notify the sender by reply email,
delete the received email and do not make use of, disclose or copy it.
Whilst we take reasonable precautions to ensure that our emails are free
from viruses, we cannot be responsible for any viruses transmitted with
this email and recommend that you subject any incoming email to your own
virus checking procedures. Unless related to Council business, the
opinions expressed in this email are those of the sender and they do not
necessarily constitute those of Aberdeen City Council. Unless we expressly
say otherwise in this email or its attachments, neither this email nor its
attachments create, form part of or vary any contractual or unilateral
obligation. Aberdeen City Council's incoming and outgoing email is subject
to regular monitoring.
References
Visible links
1. mailto:[Aberdeen City Council request email]
2. http://www.aberdeencity.gov.uk/
Dear Mr Davies
Thank you for your information request of 1 May 2018. Aberdeen City
Council (ACC) has completed the necessary search for the information
requested.
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 local authority's
pension fund?
The Market Value for the North East Scotland Pension Fund (NESPF) was
£4.2Bn as at 31 Dec 2017.
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?
Please refer to the attached spreadsheets FOI-18-0710 – Direct and
FOI-18-0710 – Pooled.
3. What is the total combined value of the fund’s directly-held
investments in the companies named above?
Please refer to the attached spreadsheets FOI-18-0710 – Direct and
FOI-18-0710 – Pooled.
4. What income did the fund receive from these investments in the last
12-month period for which records are available?
Please refer to the attached spreadsheets FOI-18-0710 – Direct and
FOI-18-0710 – Pooled.
5. Does the fund have any other investments in tobacco via pooled
investments? What is the value of these?
Please refer to the attached spreadsheets FOI-18-0710 – Direct and
FOI-18-0710 – Pooled.
6. What is the local authority’s annual spend on smoking-related illness?
This sort of information would be held by NHS Grampian. If you would like
to request this information from the NHS, the contact details are
available on the following website:
[1]http://www.nhsgrampian.co.uk/nhsgrampian...
ACC is unable to provide you with information on annual spend on
smoking-related illness in Aberdeen City as it is not held by ACC. In
order to comply with its obligations under the terms of Section 17 of the
FOISA, ACC hereby gives notice that this information is not held by it.
Please note that smoking cessation classes are provided free by the NHS.
Whilst ACC may hold numbers of staff with respiratory illness this would
not specifically capture smoking related illness nor budget.
7. Please supply the number of deaths attributable to smoking in the local
authority areas covered by your pension fund for the latest available
12-month period. Your Director of Public Health or equivalent should be
able to supply this figure.
This sort of information is held by NHS Grampian. If you would like to
request this information from the NHS, the contact details are available
on the following website:
[2]http://www.nhsgrampian.co.uk/nhsgrampian...
ACC is unable to provide you with information on the number of deaths
attributable to smoking in Aberdeen City as it is not held by ACC. In
order to comply with its obligations under the terms of Section 17 of the
FOISA, ACC hereby gives notice that this information is not held by it.
We hope this helps with your request.
Yours sincerely,
Anna Buchan
Information Compliance Officer
INFORMATION ABOUT THE HANDLING OF YOUR REQUEST
ACC handled your request for information in accordance with the provisions
of the Freedom of Information (Scotland) Act 2002. Please refer to the
attached PDF for more information about your rights under FOISA.
Information Compliance Team | Customer Feedback|Customer Experience
Aberdeen City Council, Business Hub 17, 3^rd Floor North, Marischal
College, Broad Street, Aberdeen, AB10 1AQ
Tel 03000 200 292
Email [3][Aberdeen City Council request email]
[4]www.aberdeencity.gov.uk
*03000 numbers are free to call if you have ‘free minutes’ included in
your mobile call plan.
Calls from BT landlines will be charged at the local call rate of 10.24p
per minute (the same as 01224s).
IMPORTANT NOTICE: This e-mail (including any attachment to it) is
confidential, protected by copyright and may be privileged. The
information contained in it should be used for its intended purposes only.
If you receive this email in error, notify the sender by reply email,
delete the received email and do not make use of, disclose or copy it.
Whilst we take reasonable precautions to ensure that our emails are free
from viruses, we cannot be responsible for any viruses transmitted with
this email and recommend that you subject any incoming email to your own
virus checking procedures. Unless related to Council business, the
opinions expressed in this email are those of the sender and they do not
necessarily constitute those of Aberdeen City Council. Unless we expressly
say otherwise in this email or its attachments, neither this email nor its
attachments create, form part of or vary any contractual or unilateral
obligation. Aberdeen City Council's incoming and outgoing email is subject
to regular monitoring.
References
Visible links
1. http://www.nhsgrampian.co.uk/nhsgrampian...
2. http://www.nhsgrampian.co.uk/nhsgrampian...
3. mailto:[Aberdeen City Council request email]
4. http://www.aberdeencity.gov.uk/
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