Parliamentary Contributory Pension Fund

The PCPF is a funded defined benefit pension scheme, managed by Trustees in line with scheme rules and any relevant legislation. The Independent Parliamentary Standards Authority is responsible for oversight of the scheme. Therefore, changes related to divestment would not be a decision for the Government.
I understand that following concerns being raised in this area, the Chairman of the Board of Trustees, Brian Donohoe, stated that he had received legal advice indicating that to exclude a sector would be incompatible with the Trustees' legal and fiduciary duties of investment.