Scotland’s Biggest Public Sector Pension Scheme Has £83Mn Stake In Arms Trade – 3 April 2015

RT logoScotland’s most substantial local authority pension scheme has been sharply criticized for investing £83 million in 11 of the world’s biggest arms firms.

At the close of 2014, Glasgow City Council’s Strathclyde Pension Fund had shares amounting to £19.6 million in Lockheed Martin and Boeing – two of the biggest arms manufacturers on the planet.

The figures were obtained under Freedom of Information (FoI) legislation, and published in a report by the Scottish Herald on Thursday.

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