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55 million per year in tobacco companies From York Press The scheme, which all Greater Manchester councils are members of, has investments in tobacco companies including 20.3 million in Japan Tobacco and 22.8 million in Marlboro producers Philip Morris. Cllr Cox said that, while he supported the vast majority of the motion, passing it without an amendment about commercial interests "would make us look a bit foolish." Speaking after the debate he added: "The Conservative group was broadly supportive of the motion but found it hard to reconcile having a strong stance against the vested interests of tobacco when the council is one of those most 'interested'. "The council should either disinvest from those companies or choose its words more carefully." Lets face the truth here GMPF will have advised a broker to look after their pension schsmes and there will be more than 1. The Broker will then get the best return for their customer by hedging with various companies rather than relying on one best policy in any event. It is just the same system as any other pension scheme and yes that also means private company pensions and even personal pensions. The Righteous One Lets face the truth here GMPF will have advised a broker to look after their pension schsmes and there will be more than 1. The Broker will then get the best return for their customer by hedging with various companies rather than relying on one best policy in any event. My personal one is done through Virgin Finance and I know they use Blackrock, Newton and Baillie Gifford as brokers to finance the funds and gain greater returns. But as to where they place the money I don't know as it continually changes year on year all dependent upon the success of the companies they help to finance and hold shares in.[quote][p][bold][/bold] wrote: Jesus if this doesn't show the hypocrisy of the powers that be, nothing does! They have more faces than the town hall clock.[/p][/quote]Why is it hypocrisy? Do you know where your pension fund is being placed to make a decent return? I know I don't know about all of mine. My personal one is done through Virgin Finance and I know they use Blackrock, Newton and Baillie Gifford as brokers to finance the funds and gain greater returns. But as to where they place the money I don't know as it continually changes year on year all dependent upon the success of the companies they help to finance and hold shares in.[/p][/quote]I think I see where you're going with this. Because you don't know where your pension money is invested then you dont see why large organisations should know?.[quote][p][bold][/bold] wrote:Jesus if this doesn't show the hypocrisy of the powers that be, nothing does! They have more faces than the town hall clock.[/p][/quote]Why is it hypocrisy? Do you know where your pension fund is being placed to make a decent return? I know I don't know about all of mine. My personal one is done through Virgin Finance and I know they use Blackrock, Newton and Baillie Gifford as brokers to finance the funds and gain greater returns. But as to where they place the money I don't know as it continually changes year on year all dependent upon the success of the companies they help to finance and hold shares in.[/p][/quote]It's hypocrisy because the council do know. Donkey Stone Another case of people with a bit of power trying to dictate what people should do with their money and their lives. If you want to smoke, what as it got to do with anyone else? It is a well noted fact that no Government nor Council can sever their ties with the tobacco industry, because the revenue generated forms a large percentage of the country's income. Without this income, Great Britain would be in deep financial embarrassment, almost as bad as it was when the Labour Government were kicked out of office. Another case of people with a bit of power trying to dictate what people should do with their money and their lives. If you want to smoke, what as it got to do with anyone else? It is a well noted fact that no Government nor Council can sever their ties with the tobacco industry, because the revenue generated forms a large percentage of the country's income. If you want to smoke, what as it got to do with anyone else? It is a well noted fact that no Government nor Council can sever their ties with the tobacco industry, because the revenue generated forms a large percentage of the country's income. Without this income, Great Britain would be in deep financial embarrassment, almost as bad as it was when the Labour Government were kicked out of office.