Published
2nd March 2022
Essex Pension Fund has very limited exposure to Russian investments.
Currently the Fund hold two small direct investments in Russian companies (PAO Severstal and X5 Retail Group) which, to the best of our knowledge, are not linked to the Russian government or the Kremlin, or likely to be the target of sanctions. These investments make up 0.001% of the total Pension Fund value.
The Fund and its Investment Advisers continue to monitor the situation closely.
Questions about our AVC providers investments should be directed to Prudential and Standard Life.
