Time to Divest
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.
Lothian Pension Fund no longer holds shares in an Israeli bank which finances illegal West Bank settlements.
A row has broken out after Strathclyde Pension Fund has been accused of a lack of transparency over its investments in “problematic” companies.
Scottish universities have shares worth more than £2m in companies linked to the West Bank, it has been revealed, leading to calls for disinvestment.
Scotland's two largest council pension funds have invested in companies reportedly on a UN blacklist for doing business in illegal Israeli settlements.