Hampshire Liberal Democrats

Liberal Democrats - Winning for Hampshire

Review investment in the arms trade

10.52.58am BST (GMT +0100) Fri 21st Jul 2006

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Revelations that over £22 million of Hampshire County Council's

Pension Fund is invested in the arms trade have led Liberal Democrats to call for an urgent review of the Fund's investment policies.

Lib Dems say a review is needed to ensure 'ethical investment' by the fund is maximised.

Hampshire's pension fund is the largest single investor in the arms trade in the South East. With 99% of the fund invested in other businesses, Lib Dems are asking whether more could be done to promote socially responsible businesses while protecting the pension funds of Council employees.

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