Letter: Briefly

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The Independent Online
A FEW months ago it became clear to the trustees of the British Heart Foundation staff pension fund that the Scottish Widows Managed Fund held a small proportion of its shares in the tobacco industry ("Heart charity invests in tobacco", 6 December). Since then the trustees have been trying to find an alternative fund which avoids tobacco, whereupon the trustees, whose duty it is to obtain the best possible return consistent with trust law for the retirement fund of BHF's employees, will consider whether it is appropriate to make a switch.


Director General, British Heart Foundation, London W1