UNISON welcomes Supreme Court decision on ethical LGPS investment

UNISON has welcomed a Supreme Court decision overturning a ban on Local Government Pension Scheme (LGPS) investment decisions which differ from government foreign and defence policy.
Yesterday’s decision overturned regulations introduced in 2016 which banned the funds from disinvesting in companies or countries on ethical grounds, except where the government has imposed official sanctions.
These were aimed at campaigns calling on pension funds to disinvest from companies which profit from,