Tobacco investments held by local authority pension fund

The request was partially successful.

Dear Southend on Sea Borough 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

Southend FOI requests, Southend on Sea Borough Council

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Customer Notice: Please do not e-mail Freedom of Information requests for
Southend Borough Council to individual officers. Please instead direct
them to [1][email address] where our central team will
direct their registration and completion.

 

Dear Rob Davies,

 

Thank you for your request received on 17^th April for information under
the Freedom of Information Act 2000. Your request should receive a reply
by 15^th May.

 

If you have any queries please get in touch quoting the FOI reference
number FOI 07020.

 

Kind regards,

Daniel Howard

 

 

Daniel Howard – Knowledge Support Officer  – Southend-on-Sea Borough
Council

Creating a Better Southend

( 01702 534929| *
[2][email address] |8 [3]www.southend.gov.uk

Policy, Engagement and Communication Group l Department for the Chief
Executive l Southend-on-Sea Borough Council | Civic Centre, Victoria
Avenue, Southend, Essex, SS2 6ER

 

 

    

Safe – clean – healthy – prosperous – excellent – Creating a better
Southend

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Southend FOI requests, Southend on Sea Borough Council

1 Attachment

Dear Rob Davies,

 

Re: Freedom of Information Request

 

I am writing regarding your request for information, which was received on
17^th April.

 

In that request you asked us for information about the below:

 

I can confirm that the search for the information you requested has been
completed and I can advise you of the following:

 

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

Please contact Essex Pension Fund;
[1]http://www.essexpensionfund.co.uk/essex-....

 

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 the response to question 1.

 

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

See the response to question 1.

 

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

See the response to question 1.

 

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

See the response to question 1.

 

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

Southend-on-Sea Borough Council does not routine produce this information
which requires a complex modelling to ascertain the impact of smoking on
all our services. Our tobacco control and smoking cessation services
provides good value for money: NICE estimates that for every £1.00
invested £2.37 is saved on treating smoking related disease and lost
productivity.

 

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.

Please visit the following webpage where this information is publically
available;
[2]https://fingertips.phe.org.uk/profile/to...

 

 

 

If you wish to discuss any of the above, please contact me. Please
remember to quote the reference number above in any future communications.

 

If you are unhappy with the service you have received in relation to your
request and wish to request a review of our response, you should write to
the Group Manager – Policy, Engagement and Communication, Department of
the Chief Executive, PO Box 6, Civic Centre, Victoria Avenue,
Southend-on-Sea, Essex, SS2 6ER.

 

If you are not content with the outcome of your review, you can make a
complaint under the Council’s complaints process by writing to Corporate
Complaints Officer, Department of the Chief Executive, PO Box 6, Civic
Centre, Victoria Avenue, Southend-on-Sea, Essex, SS2 6ER.

 

You can also apply directly to the Information Commissioner (ICO) for a
decision although generally the ICO cannot make a decision unless you have
exhausted the Council’s complaints procedure. The Information Commissioner
can be contacted at: The Information Commissioner’s Office, Wycliffe
House, Water Lane, Wilmslow, Cheshire, SK9 5AF.

 

Yours sincerely,

Daniel Howard

 

Daniel Howard – Knowledge Support Officer  – Southend-on-Sea Borough
Council

Creating a Better Southend

( 01702 534929| *
[3][email address] |8 [4]www.southend.gov.uk

Policy, Engagement and Communication Group l Department for the Chief
Executive l Southend-on-Sea Borough Council | Civic Centre, Victoria
Avenue, Southend, Essex, SS2 6ER

 

 

    

Safe – clean – healthy – prosperous – excellent – Creating a better
Southend

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