UK - The UK Social Investment Forum (UKSIF) has launched a toolkit aimed at helping financial advisers offer ethical and socially responsible investment advice.
UKSIF, the UK’s membership network, for socially responsible investment (SRI), promotes and encourages the development and positive impact of SRI among UK-based investors.
“The toolkit seeks to close the gap between the 65% of people who say IFAs should ask clients whether or not they are interested in investing ethically and the current low levels of advice offered which is reflected in SRI funds under management being only in the region of 1% of assets invested in the UK,” UKSIF said in a statement.
Julia Dreblow, SRI manager at Friends Provident and director and chair of the UKSIF retail sub-committee which helped steer the creation of the toolkit said: “It is wonderful to have had a number of the leading providers of ethical funds and other socially responsible investment products – together with leading specialist IFAs – to create the toolkit.
“We recognise that competition between different product providers and fund managers has not always made it easy for advisers to understand this market and hope that the toolkit will start to set this straight and clear some of the fog away.”
Commenting on the launch, Association of IFAs director general Paul Smee said: “Socially responsible investment offers IFAs a great opportunity to show their professionalism and the value they offer their clients.
“Ethical or socially responsible business can not only help IFAs to demonstrate in yet another way the value of getting proper professional advice, but it can also help them to show an even higher level of attention to clients’ needs.”
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