Councils face '£2bn' pension fund hole from failed oil investments

Hope William-Smith
clock • 1 min read

More than £1.75bn has been wiped from the pension funds of councils across the UK after three years of crashing oil investments, research shows.

Transition Economics analysis commissioned by research agency Platform tracked the combined investments of 56 local government pension funds into nine leading oil companies between April 2017 and N...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

LGPS and MP pension scheme back social infrastructure fund

LGPS and MP pension scheme back social infrastructure fund

First close of the NSIIF to provide £100m investment to be deployed into real estate

Martin Richmond
clock 31 March 2025 • 2 min read
Partner Insight: Robeco Active Quant - It's all about predictable results

Partner Insight: Robeco Active Quant - It's all about predictable results

Robeco
clock 31 March 2025 • 5 min read
Border to Coast calls for reforms to boost productive asset investments

Border to Coast calls for reforms to boost productive asset investments

LGPS pool says there is ‘significant appetite’ for investment in productive assets

Martin Richmond
clock 25 March 2025 • 3 min read
Trustpilot