Tobacco investments held by local authority pension fund
Dear Preston 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. 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
Thank you for your e-mail. If this is a valid request made under Freedom
of Information you can expect to receive a response within 20 working
days.
Preston City Council
Dear Mr. Davies,
Further to your email I can advise you that Preston City Council does not hold this information as we are a district Council and as such we do not have responsibility for the pension fund. I suggest that you contact Lancashire County Council as the administrator.
Yours sincerely,
Mrs. Ashcroft
Preston City Council
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