Morley Pooled Pensions in the UK has launched a new range of socially responsible investment (SRI) pooled pension funds.
The SRI pooled fund range will comprise three funds: managed, UK equity and global equity. The funds will be managed by Morley Fund Management’s eight-member team of fund managers and specialist analysts. The funds will be available from the beginning of July and will be available to both defined benefit and defined contribution schemes in the UK.
Companies are selected according to an analysis of financial fundamentals, the quality of management and the opinions of in-house analysts and SRI researchers. This sustainable development approach works on the premise that companies that are prepared for the environmental and social issues affecting their business will be well positioned to boost market share and to grow profits. Commenting on the launch Clare Brook, head of the SRI team at Morley Fund Management said: “Recent changes in the 1995 Pensions Act have had a major effect on the market for SRI. More and more pension funds are keen to incorporate an SRI element into their portfolio. The launch of these SRI pooled funds will give pension schemes the opportunity to benefit from this trend.”
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