Local authority pension funds are not "duty bound" to invest in tobacco, a report claims.
The briefing follows the revelation in August, last year that Kent County Council's pension scheme had invested £24m in the tobacco industry - where the fund argued it was fulfilling its fiduciary ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
