UK - Liverpool City Council has voted unanimously in favour of pulling its pension fund out of arms investments - the first time a UK council has passed such a resolution.
The council has written to the £4.3bn (US$8.9bn) Merseyside Pension Fund to call for its Statement of Investment Principles to be amended to include an ethical dimension, leading to divestment of s...
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
