Devon Pension Fund investments in Russian fossil fuel companies

Could you make it so the FOI covers the Peninsula Pensions Fund, so that it includes both Devon County and Somerset County Council investments?

We are not responsible for managing Somerset County Council investments so our answers below only relate to Devon County Council

1. Could you provide a link to the webpage where you hold information on your pension fund?

Home – Devon Pension Fund

2.How much money does your pension fund currently have invested in Russian fossil fuel companies?

Nil

3. Can you break the value of investment down by type of investment (e.g: how much of it is active, passive, direct, indirect, pooled, etc)?

Not applicable following our response above.

4. How much money did your pension fund have invested in Russian fossil fuel companies on 6th April 2022?

Nil

5. Can you break the value of investment down by type of investment (e.g: how much of it is active, passive, direct, indirect, pooled, etc)?

Not applicable following our response above.

6.Have you agreed a policy to divest from Russian fossil fuel investments in your pension fund?

7.If you have agreed to divest, can you provide relevant policy documents?

8.How much money has your pension fund divested from Russian fossil fuel investments since you agreed your policy to do so?

The Devon Pension Fund invests via the Brunel Pension Partnership. The statement linked below was issued by the Brunel Pension Partnership on 1st March 2022 and is fully supported by the Devon Pension Fund: – Responding to crises – Brunel Pension Partnership

9.If you have not agreed a divestment policy, have you agreed to freeze your investments in Russian fossil fuel companies?

10.If you have agreed to freeze investments, can you provide relevant policy documents?

Please see our response to question 4 above.

11.If you have not agreed to freeze or divest, what is your policy for Russian fossil fuel investments in your pension fund?

Please see our response to question 4 above.

12.What is the total size of investment of your pension fund?

£5.4 billion as at 31 March 2022

13.. Of this total, what percentage of the total do Russian fossil fuel investments represent?

Nil