A decision on whether to continue investing public sector pension payments in tobacco companies has been kicked into the long grass.
Politicians postponed a ruling in November and a local authority spokesman have confirmed that they have yet to reschedule a discussion on the matter.
The Courier revealed last year that Tayside Superannuation Fund (TSF) has invested £47 million in British American Tobacco (BAT) and £15m in Imperial Tobacco in the last three years.
Contributors to TSF include council workers in Dundee, Perth and Angus, as well as employees at dozens of organisations, including universities, arts centres and the arm’s length trust which runs local authority leisure centres.
A Dundee City Council spokesman said: “The council officers are in the process of investigating the complex legal position in respect of investment in tobacco and will be taking further advice from their investment consultant.
“It is expected that a report will be brought to a future meeting of the Superannuation Investment subcommittee.”
Councillor Fraser McPherson has called on TSF to pull investment in tobacco firms.
“I have long been of the view that the Tayside Superannuation Investment Fund should not be associated with investments that could be considered in any way unethical,” he said.