Tobacco investments held by local authority pension fund

Rob Davies made this Freedom of Information request to Torbay Borough Council as part of a batch sent to 447 authorities

This request has been closed to new correspondence from the public body. Contact us if you think it ought be re-opened.

Torbay Borough Council did not have the information requested.

Dear Torbay 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

Freedom of Information, Torbay Borough Council

Dear Mr Davies

I write further to your request for information received on 17 April 2018 in which you requested the following information:

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.

Your request has been given careful consideration under the Freedom of Information Act 2000 however we have established that the information you requested is not held by Torbay Council because it is held by Devon County Council. For further information, please visit the Devon County Council website at https://new.devon.gov.uk/

Torbay Council publishes Access to Information requests and responses on its online Disclosure Log. Only requests deemed to be in the public interest will be included and any request included within this log will be de-personalised accordingly.

To view the Council’s Disclosure Log, please visit www.torbay.gov.uk/disclosurelog

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If you are unhappy with the Council’s response to your request you may request an Internal Review, your request must be made in writing setting out the reasons you are unhappy within 40 working days of receiving the response, you can request an Internal Review by writing to Information Compliance, Town Hall, Castle Circus, Torquay, TQ1 3DR.

If after going through the Council’s Internal Review process you are still not satisfied, you can contact the Information Commissioner direct.

Information Commissioner Helpline: 0303 123 1113
Wycliffe House 01625 545 745
Water Lane Email: [email address]
Wilmslow Website: www.ico.org.uk
Cheshire SK9 5AF

Yours sincerely

Katherine Boyer
Information Compliance Apprentice
Torbay Council
 
Phone: 01803 207034
Mail: Information Compliance, Torbay Council, Town Hall, Castle Circus, Torquay, TQ1 3DR

The Information Compliance Team will aim to acknowledge correspondence within 3 working days unless a restriction is in place.

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