Home > Uncategorized > Council pension funds seek legal advice over contentious tobacco investments – Blue and Green Tomorrow

Council pension funds seek legal advice over contentious tobacco investments – Blue and Green Tomorrow

Council pension funds seek legal advice over contentious tobacco investments – Blue and Green Tomorrow.

I hope the Advisory Board will publish the letter, so that the nature of the advice requested is transparent.  This is important because the legal advice offered by a QC will depend to some extent on the nature of the questions asked of him.  Given that there are pension fund committee members in local authorities who would very much like to divest from tobacco companies, but feel constrained by legal uncertainty, and equally members who would like to retain these investments but feel under pressure, it is vital that the QC is given sufficient remit to provide clear opinions on how both the FCTC and the Health and Social Care Act 2012 affect local government pension law and practice.

Whichever side of the debate you favour, all are agreed that legal certainty is needed.

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