Home > Uncategorized > An ethical dilemma for pension investors | This is Leicestershire

An ethical dilemma for pension investors | This is Leicestershire

An ethical dilemma for pension investors | This is Leicestershire.

Leicestershire has £6.8m invested in tobacco companies.  Once again a council spokesman refers to maximising returns for beneficiaries, completely ignoring the huge costs imposed on Leicestershire’s public services and employers by smoking, which far outweigh the income they receive from these investments.

There is also an assumption that tobacco is an essential investment for maximising returns, yet Norway, one of the biggest funds in the world,  has outperformed the market since it pulled out of tobacco.

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