The UK’s largest public sector pension pool quietly sold its holdings of Israeli government bonds last year following months of activist pressure, Middle East Eye can reveal.

Border to Coast Pensions Partnership currently manages nearly £120bn ($160bn) in assets on behalf of around two million people working in local government.

In 2024 and early 2025, Border to Coast bought Israeli government bonds worth $29.2m in two purchases made on its behalf by a US-based asset management firm.

But it divested from the bonds within months of the second purchase, and has refused to publicly say why.

Now, an investigation by MEE can shed light on the human rights concerns, private admissions and the chain of delegation that drove the decision, as well as the murky legal-political landscape that leaves British institutions silent about Palestine but loud on Ukraine.

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