Suffolk County Council pension hit by Russia loss

A £4m investment within the LGPS fund has fallen to nil value

clock • 1 min read
St Basil’s Cathedral, Moscow, Russia
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St Basil’s Cathedral, Moscow, Russia

A £4m investment within the Suffolk County Council pension fund has fallen to nil following the Russian invasion of Ukraine last month.

This reflects Russian stocks held within an emerging markets index fund that the pension scheme holds. In response to economic sanctions levelled against Russia due to its invasion of Ukraine, t...

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