Strathclyde Pension Fund
Scotland’s largest council pension funds have around £230m invested in Western companies continuing to operate in Russia almost a year after Putin’s invasion of Ukraine.
Scotland’s two largest local government pension funds have nearly half a billion pounds invested in firms which are still doing business in Russia.
Councillors from four rival political parties have called on Scottish local government pension funds to end their investments in fossil fuel companies.
The United Nations is urging local government pension schemes (LGPS) to divest from companies linked to Israel’s settlements in the West Bank and East Jerusalem - which are illegal under international law.
Investments in fossil fuels by council pension funds could become less valuable as the energy market transforms, warns a new report.
£220 million in just one year, which prompted claims the fund is hiding controversial investments.
A row has broken out after Strathclyde Pension Fund has been accused of a lack of transparency over its investments in “problematic” companies.
Inverclyde Council has called on Scotland’s largest council pension fund to stop investing in arms and to commit to ethical investments.
Lawyers representing thousands of women who secured the largest equal pay settlement in Scottish history are planning legal action against Strathclyde Pension Fund over delays to ensuring the payout is reflected in their retirement income.