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
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date