Make My Money Matter, a campaign group founded by acclaimed Filmmaker and Activist Richard Curtis, is calling on UK pension schemes to stop investing in Russia, and to divest from their Russian investments as soon as possible.
Following announcements from major pension schemes, companies and sovereign wealth funds worldwide, the campaign group wants remaining UK schemes to follow in the footsteps of Nest, Church of England, Legal and General, Norway’s KLP, the New York Police Pension Fund and countless more who are reducing their exposure to in the Russia economy as it wages war on Ukraine.
This move is widely supported by the British public, 86% of whom believe UK pensions should not be invested in Russia, with hundreds already having taken action in support of the campaign.
Tony Burdon, CEO at Make My Money Matter said: “Our pensions are invested in Russian companies and Russian government debt. We believe this is morally wrong and financially unsustainable in the current climate. And the British public agree, with 86% saying they don’t believe UK pensions should be invested in Russia.
“That’s why we’re calling on all pension providers to divest from their Russian investment as soon as possible. In doing so, the financial sector can display moral leadership, sound financial management, and help protect the savings of UK pension holders.”