Comment on Environment Agency invested £15m in ‘forever chemicals’
leaskovski@kbin.social 8 months ago
Fuck me... Really!!? Pension fund? Seriously, like the EA has control over what the fund managers invest in.
Comment on Environment Agency invested £15m in ‘forever chemicals’
leaskovski@kbin.social 8 months ago
Fuck me... Really!!? Pension fund? Seriously, like the EA has control over what the fund managers invest in.
Jho@feddit.uk 8 months ago
Sure, but regardless, £15m which was taken from taxpayers to fulfil a particular purpose was instead used to fulfil a purpose which is the complete antithesis of that.
I don’t know if the blame lies with EA, but ultimately it was the EA’s money that was invested. Something has gone wrong which needs to be fixed.
Like, is it as simple as choosing a different fund to invest in, or are they all as bad as each other? If it’s the latter then we need to reform how pension funds work.
leaskovski@kbin.social 8 months ago
The fund manager is Capita... they aren't going to last long anyway, because they had a massive data breach last year, so I expect they will be loosing their contract to manage the fund. Those wankers are the ones to be blamed for this, not the EA.