Tobacco investment by local authority pension funds

The request was partially successful.

Dear Fife 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

Fife Council

Dear Mr Davies

FREEDOM OF INFORMATION (SCOTLAND) ACT 2002 – REQUEST FOR INFORMATION

Thank you for your information request received on 01/05/2018, our reference; FCIR:21825. This is being dealt with in terms of the Freedom of Information (Scotland) Act 2002.

We are presently assessing your request and may be in touch soon to ask for further clarification or to offer advice and assistance if we are not able to fulfil your request in its present form.

The legislation allows us up to 20 working days from the date that we receive a valid request, including any clarification we require, to make a final response. We will be in touch within 20 working days of receipt of your initial request to provide our response or to seek clarification where necessary. We hope to provide you with the information you are looking for at an earlier date where possible.

Yours sincerely

J McCall
Customer Experience Co-ordinator
Information Requests Team

Jaynie Mccall, Fife Council

Dear Mr Davies

 

FREEDOM OF INFORMATION (SCOTLAND) ACT 2002 – REQUEST FOR INFORMATION

 

I refer to your email dated and received on 01/05/2018, our reference;
FCIR: 21825. 

 

I have detailed below the information you requested and trust that it
meets your requirements.

 

1.       What is the most recent available value of the local authority's
pension fund?

 

As at 31^st March 2018 the value of the Pension Fund was £2.422m.

2. What is the value of the fund’s directly-held investment in shares or
bonds of the following companies:

 

British American Tobacco   -   £0.00

Imperial Brands   - £0.00

Japan Tobacco International   -   £0.00

Altria Group Inc   -   £0.00

Philip Morris International   -   £0.00

Universal Corp   -   £0.00

Alliance One International   -   £0.00

3. What is the total combined value of the fund’s directly-held
investments in the companies named above?

 

As at 31^st March 2018 the value was £0.00

4. What income did the fund receive from these investments in the last
12-month period for which records are available?

 

£0.043m in the 12 months prior to 31^st March 2018.

5. Does the fund have any other investments in tobacco via pooled
investments? What is the value of these?

 

The fund does have other investments in tobacco via pooled investments. 
As at 31^st March 2018 the total value of these was £27.969m.

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

 

Fife Council has no specific allocated funding for this purpose.

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.

 

            The information you have requested is subject to an exemption
under S17 of the Freedom of Information (Scotland) Act 2002 – Information

            not held.  Fife Council does not hold data to the number of
deaths attributable to smoking.

 

I would like to draw your attention to the copyright situation in relation
to the material.

 

The Council holds the copyright for the material provided and it may be
reproduced free of charge in any format or media without requiring
specific permission. This is subject to the material not being used in a
derogatory manner or in a misleading context. The source of the material
must be acknowledged as Fife Council and the title of the document must be
included when being reproduced as part of another publication or service.

 

If you are not satisfied with the way we have handled your request, you
have the right to request a review of the decision. Please write to: Head
of Legal Services, Finance & Corporate Services, Fife House, North Street,
Glenrothes, KY7 5LT or e-mail to [email address]. The law provides
for you to make this request up to 60 working days from when we received
your enquiry or 40 working days from when you receive this correspondence
whichever is the later date. Where the outcome of the review fails to
resolve the matter to your complete satisfaction you have the right to
apply to the Scottish Information Commissioner for a
decision.www.itspublicknowledge.info/Appeal

 

Fife Council will consider and seek to resolve any request to the Head of
Legal Services that falls outside these time scales.

 

Yours sincerely

-

Jaynie McCall

Customer Experience Co-ordinator

Information Management & Requests

Customer Service Experience

Customer Service Improvement

Communities Directorate

1st Floor

Fife House

Glenrothes

KY7 5LT

 

Telephone: 03451 555555 441150

Email: [1][email address]

 

                

 

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References

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