On 28 March the Avon Pension Fund Committee will meet to review its aerospace and defence investments.
This follows significant work which the Fund has already undertaken, following petitions in December and appeals from Bristol City Council to divest from aerospace and defence companies which supply Israel.
The pension fund has £18m or 0.3% of its £6 billion assets invested in such companies, which primarily supply NATO partners and the UK government.
Chair of Avon Pension Fund Committee, Councillor Paul Crossley said:
The petitioners approached the issue from various angles, showing concern for people affected by conflict. We need to gather further legal and financial advice to help us develop the available investment options. The Committee are keen to understand our members' views on these important investment choices. In the March Committee meeting we’ll publicly consider the legal, financial and other implications of our options around remaining invested in, or divesting from, aerospace and defence companies.
For information about the Avon Pension Fund Committee meetings, including agendas, papers and minutes visit the B&NES Council website.