Kent County Council has come under fire from campaign groups for investing £24m of its pension fund portfolio in tobacco companies.
The local authority fund invests about £13.5m in the Altria Group; £3.6m in Philip Morris; £3.5m in Imperial Tobacco; and £3.4m in Japan Tobacco - about 1% of its total equity investments. But F...
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
