Policy will oversee how the Merseyside Pension Fund manages where it spends its money going forward
A new policy managing billions of pounds on behalf of 153,000 people across Merseyside has been brought forward. But the policy has been criticised by some for not going far enough following a pressure campaign in relation to the Israel-Palestine conflict. At a pensions committee meeting on July 31 held at Wallasey Town Hall on the Wirral , councillors approved a new responsible investment policy which will oversee how the Merseyside Pension Fund manages where it spends its money going forward.
” Cllr Tony Cox said: “I know there are those that believe some sort of guillotine can come down overnight,” adding: “It’s just not straightforward and I think we need to take a bit more of an adult approach to our investment strategy as a whole.” The Greens faced criticism during the debate from all the other parties with an amendment they put forward being described as confusing, unnecessary, vague, and impractical.
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