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Changes could be made to the £12 billion Merseyside Pension Fund following pressure from protesters calling for more ethical investments.
According to Birkenhead News, council officers will look for ways to remove controversial investments from members' local pensions. Currently, the huge fund provides pensions to more than 140,000 members of the Local Government Pension Scheme across the Liverpool region.
Wirral Council is the authority so they distribute the fund, which is why meetings of the Pensions Committee occur at Wallasey Town Hall.
Before some all-important meetings on Monday, demonstrators gathered outside the town hall. They were protesting against the funds' investments in firms that they say profit from actions violating international law.
Demonstrators are hopeful that the council will follow Islington Council's direction in London and have a meeting with its pension fund members. If you're wondering, the North London council is considering removing its investments in companies that have breached international law and human rights more than once, or those involved in serious environmental damage, namely climate change.
The proposals also want to remove companies involved in corruption and financial crime, or those who sell or produce controversial weapons.
During the public questions section of the Pensions Committee meeting, Greg Dropkin from Liverpool Friends of Palestine asked if the committee would "contact Islington for further information and set a date to begin consultation with scheme members on Merseyside to learn their views".
The chair of the committee, Councillor Brian Kenny, responded in a statement: "As suggested, officers will now contact Islington Pension Fund and include their findings in a further report." He added that no date had been set at this stage.
At the demonstration, campaigners held Palestine-related signs, including one that said "Justice For Palestine" with the flag attached.
