Greenwich Council admits its investment policy is unlawful - councils can divest from Israel

Greenwich Council admits its investment policy is unlawful - councils can divest from Israel

Greenwich Council has conceded, under legal pressure, that a clause in its employee pension fund investment strategy was unlawful in claiming that it: cannot exclude investments in order to pursue boycotts, divestment and sanctions against foreign nations and UK defence industries. It has now committed to removing the “legally erroneous” clause. The council has operated this unlawful policy since at least 2020. But it didn’t notify scheme member…