First State Super incinerates tobacco links

Chief executive Michael Dwyer said the decision to exclude the cigarette and tobacco companies from its entire investment portfolio followed strong feedback from the health industry, which represents about 40% of the fund's 770,000 members.

"In reaching its decision the trustee board had been particularly mindful of its many members who work in the health sector, especially members from the Peter MacCallum Cancer Centre in Melbourne," Mr Dwyer said in a statement on Thursday.

Our decision reflects both the strong views expressed by our employers and