Tobacco investments held by local authority pension fund
Dear Colchester 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
Dear Requester
Thank you for your email.
Colchester Borough Council holds no information regarding Pension Fund investments or smoking-related illnesses or deaths. Local authority health provision, pensions and pension fund investments for local authority employees in Essex are adminstered centrally by Essex County Council who can be contacted via www.essex.gov.uk .
If you have any further questions or concerns regarding this request please email [Colchester Borough Council request email] quoting the reference 350044.
Yours sincerely
Mike Fawcett
Performance Monitoring Officer – Information
Please address any reply to [Colchester Borough Council request email]
Colchester Borough Council
Tel: 01206 508793
Textphone users dial 18001 followed by the full number that you wish to call.
www.colchester.gov.uk
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