If you want to post your letter the address is Royal London House, Alderley Park, Congleton Road, Nether Alderley, Macclesfield, SK10 4EL
Alternatively, you can send the letter via email to email@example.com
FAO Royal London Chief Executive Barry O’Dwyer
I am writing to you as a Royal London pension holder ahead of your AGM on the 7th June.
I was shocked to learn that pension funds in Royal London’s default fund are invested in companies that produce nuclear weapons. Given the recent developments in international law is not sufficient for exclusions on nuclear weapons to be restricted to your ethical funds when these are held by the minority of your customers.
It has been five years since the drafting of the Treaty On The Prohibition of Nuclear Weapons (TPNW) which, since 22nd Jan 2021, has now entered into force. This treaty makes illegal under international law the assistance of any State in the maintenance or development of nuclear weapons. Your investment in nuclear weapons producing companies does exactly that. It is impossible to fund a company that is producing nuclear weapons without indirectly contributing to their production and so it is not enough for you to only avoid funding nuclear weapons projects directly.
Nuclear weapons are now illegal because of their potential for indiscriminate and massive scale destruction: one detonation has the potential to kill millions of people. They pose a substantial risk to people and the planet, including to those who are impacted by the development, manufacture and testing of nuclear weapons. This is to say nothing of the long-term health impacts of exposure to nuclear fallout. The potential consequences of nuclear weapons, either deliberately or in the or in the event of accidental detonation is unparalleled in the natural world or by any other weapons.
The TPNW is proof that global public opinion is changing and now widely accepts the unconscionable risk and weighty moral challenge that nuclear weapons pose. It is time for Royal London to make a stand and end the financing of these most devastating weapons.
I await your response