UK’s biggest private pension fund dumps £80mn of Israeli assets

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Financial Times 12h ago

UK’s biggest private pension fund dumps £80mn of Israeli assets - Financial Times

Quick Summary:

In the UK, public sector pension plans with cash tied up in groups supplying weapons to Israel are under pressure to dump their holdings.

In its latest annual report, published last month, USS said it had a “legal duty to invest in the best financial interests of our members and beneficiaries”.

In June, KLP, Norway’s largest private pension manager said it had divested its stake of close to $70mn in US industrial group Caterpillar, owing to the risk that its equipment was being used to violate human rights of Palestinians.