Good question. Ever since it came out from Labour & Capital” blog, that the fund managers Fidelity have recently given the Conservative Party £415,000; I have been contacted by furious UNISON members whose pension fund employ Fidelity.

I found out last night at the Tower Hamlets Council Pension Investment Panel, that one of our fund managers have £2.3 million invested in Total (the 2nd highest holding in that particular fund) and £1.3 million in Chevron (7th biggest holding).

I suspect that our other Global equity fund will have similar investments in companies who have trading interests in Burma. We also own shares in companies such as GlaxoSmithKline (the huge British based drug company) who according to the International Trade Union Confederation (ITUC – click on this link for a full list) has business links with the Burma.

Just seen copy of the UNISON Press release about the overwhelming majority in favour of accepting the deal on the local government pension scheme negotiated by UNISON and the other local trade unions. Such a massive majority is almost embarrassing. This was also despite (patchy) attempts by some in the ultra left to campaign against acceptance.

Just when you feel that the British Financial Services industry cannot sink any lower in public esteem, we learn that leading investment manager Fidelity is giving the Conservative Party vast amounts of money. Hat trick thingy to Tom at “Capital and Labour”.

In the last 3 years they have made a series of donations worth £320, 000.