UK Pension Schemes Investment In Cluster Munitions

EDM number 376 in 2014-15, proposed by Jim Cunningham on 20/10/2014.
Categorised under the topics of Defence equipment and procurement and Pensions.

That this House notes that the UK is a signatory to the Convention on Cluster Munitions; believes that the UK should not directly or indirectly support the manufacture of cluster munitions; further notes that the UK pension firms often make investments through third party funds managed by external bodies not bound by UK law; further notes that this includes the Local Government Pension Scheme; further notes that primary responsibility of local authority pension schemes is the return from investment; calls for the Government to investigate providing a framework to advise councils how to approach ethical issues; and calls on the Government to explore ways to prevent UK pension forms investing in the overseas manufacture of cluster munitions.

This motion has been signed by a total of 33 MPs.