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Civil Service: Pension Funds

Cabinet Office written question – answered on 9th July 2019.

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Photo of Seema Malhotra Seema Malhotra Labour/Co-operative, Feltham and Heston

To ask the Minister for the Cabinet Office, what assessment he has made of the capacity of civil service pension funds to engage in shareholder advocacy with the companies in which they have holdings; and to what extent those funds have exercised that capacity to date.

Photo of Oliver Dowden Oliver Dowden The Parliamentary Secretary, Cabinet Office

‘The Principal Civil Service Pension Scheme and Civil Servants and Others Pension Scheme’ are unfunded schemes and therefore do not engage in shareholder advocacy as they do not have any direct share holdings in companies.

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