Tobacco investments held by local authority pension fund

The request was partially successful.

Dear Milton Keynes 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

Milton Keynes Council

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Re: [EXT] Freedom of Information request - Tobacco investments held by local authority pension fund

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Hall, Richard, Milton Keynes Council

Dear Mr Davies

Ref no: ASC298674

I can confirm that we have received your Freedom of Information request and my colleagues are looking into providing the information you seek as soon as possible.

Kind regards

Richard Hall
Project Support Officer
People Directorate, Milton Keynes Council
Saxon Court, 502 Avebury Blvd, Milton Keynes MK9 3HS Telephone 01908 252026
 

show quoted sections

Barrett, Nikki, Milton Keynes Council

Dear Rob

 

FREEDOM OF INFORMATION ACT 2000 - INFORMATION REQUEST

 

Your request for information has now been considered and the information
requested is enclosed.

 

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

 

See link for Bucks County Council who manages our pension
[1]https://www.buckscc.gov.uk/services/coun...

 

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?

 

See link for Bucks County Council who manages our pension
[2]https://www.buckscc.gov.uk/services/coun...

 

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

 

See link for Bucks County Council who manages our pension
[3]https://www.buckscc.gov.uk/services/coun...

 

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

 

See link for Bucks County Council who manages our pension
[4]https://www.buckscc.gov.uk/services/coun...

 

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

 

See link for Bucks County Council who manages our pension
[5]https://www.buckscc.gov.uk/services/coun...

 

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

 

17/18 provisional outturn figures as at 10th April - £441K

               

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.

 

Smoking attributable mortality as per Tobacco Control Profiles is 281.2
per 100,000.

 

If you have a complaint about the handling of your request then please
contact me.  I will arrange for an internal review which will be
considered as part of Stage 2 of the Council’s complaints procedure.

 

You also have a right of appeal to the Information Commissioner at:
Information Commissioner's Office

Wycliffe House

Water Lane

Wilmslow 

Cheshire 

SK9 5AF

Tel: 0303 123 1113

Fax: 01625 524510

[6]www.ico.org.uk

 

 

Yours sincerely

 

 

 

 

Nikki Barrett

HR Business Manager

 

T: 01908 253862

E: [7][email address]

 

ERP Gold – Our new integrated HR & Payroll  system is being launched in
April 2018; click here to find out [8]What is ERP Gold and the [9]Latest
Updates.

 

 

Milton Keynes Council | Saxon Court | 502 Avebury Boulevard | Central
Milton Keynes | MK9 3HS

Follow us on Twitter @MKCouncil

 

 

Visit the Milton Keynes Council web site at
http://www.milton-keynes.gov.uk

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