3.1 Lothian

The Lothian Pension Fund is one of the largest in the UK, according to its website, with over 78,000 members. A list of assets taken from the fund’s website shows that the fund held shares with a market value of nearly £159 million as of 31 March 2018 in five companies which are involved in nuclear weapons work:

Company Value of shares (£)
Babcock International 1,569,077
General Dynamics 24,051,361
Honeywell International 16,882,299
Lockheed Martin 86,483,617
Northrop Grumman 29,821,299
Total 158,807,653

Each of these companies contributes to Britain’s Trident nuclear weapons programme.

Lothian pension fund has drawn criticism for its investments in arms companies. See section 8.4 for information about how you can contact your local councillors to request that the fund divest from nuclear weapons and click here for our template letter.