UK - Money purchase scheme members are being targeted in a new initiative to improve access to socially responsible investment funds.
The UK Social Investment Forum has set up a full-time “retail” position and an advisory committee to develop and manage the initiative. It will focus on parliamentary and regulatory work, guidelines for independent financial advisers and awareness raising.
Chairwoman of the forum’s retail revolution sub-committee Julia Dreblow – who is SRI manager at Friends Provident – said: “It has become increasingly apparent that there is massive public enthusiasm and interest – particularly once the concepts have been explained.”
Dreblow added that UKSIF and its wide membership were well-placed to work together to move SRI to the next stage of development.
Guidelines for IFAs will encourage the advisers to query whether their clients are interested in ethical investment and make it easier for them to give advice.
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).