UK. Union call for pension funds clean-up over links to Donald Trump’s migrant camps
UNISON has proposed a merger of pension pots and the creation of a new ethical investment unit.
The call comes after The Sunday Post revealed £138 million of Scottish workers’ pension cash was being used to bankroll the US President’s immigration detention centres.
The funds are managed by global finance firms with huge investments in GEO Group and CoreCivic, America’s largest private prison operators.
Strathclyde Pension Fund, which manages pension funds for 230,000 public service workers, has £52m invested.
Lothian Pension Fund, with more than 65,000 members, has investments totalling £28m, while North East Scotland Pension Fund has investments worth £58m.
Read more sundaypost
