Tobacco investments held by local authority pension fund
Dear Isle of Wight 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. 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
Dear Mr Davies,
Re: Information Request CRM Ref.iw18/4/16413
Thank you for your information request.
Your request was received by the Isle of Wight Council on 18^th April 2018
and is currently being considered.
As required by the Freedom of Information Act 2000, the Isle of Wight
Council will respond to you as soon as possible and no later than 20
working days after the receipt of your request.
Under the Act, there is a limit for responding to requests where they
exceed the Appropriate Fee Limit as set out in the Freedom of Information
and Data Protection (Appropriate Limit and Fees) Regulation 2004. The fee
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Wight, PO30 1UD. Or by email to [1][Isle of Wight Council request email], or complete the
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appeal to the Information Commissioner.
Yours sincerely
Richard J Wood
Richard Wood | Accountant – Structure, Data Quality & FOI | Corporate
Finance | Financial Management
Isle of Wight Council | County Hall | Newport Isle of Wight PO30 1UD
Tel: (01983) 821000 ext.6367
[2][email address]
[3]www.iwight.com
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Dear Mr Davies,
Please find attached a response to your FOI request regarding tobacco
investments.
Richard
Richard Wood | Accountant – Structure, Data Quality & FOI | Corporate
Finance | Financial Management
Isle of Wight Council | County Hall | Newport Isle of Wight PO30 1UD
Important Information - Disclosure, Confidentiality and Monitoring of this email
This email communication may be monitored by the Isle of Wight Council for regulatory, quality control, or crime detection purposes.
If you are not the Intended Recipient please contact the sender as soon as possible. It is intended only for the personal attention of the named person, firm or company to whom it is addressed. It may contain information that is privileged and confidential in law. Accordingly any unauthorised dissemination, distribution, copying or other use of this message or any of its content by any other person may constitute a breach of civil or criminal law and is strictly prohibited. No mistake in transmission is intended to waive or compromise any such privilege. Any views expressed in this message are those of the individual sender and may not necessarily reflect the views of the Isle of Wight Council.
The information contained in this e-mail may be subject to disclosure to third parties under either the Data Protection Act 1998 or the Freedom of Information Act 2000 to the extent the law allows and in accordance with the Isle of Wight Council's policies on information management. (If you wish the disclosure of the information in any reply to be restricted please make this clear in your response).
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