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.
In this week's Pensions Buzz, we want to know whether or not you believe that business facing financial distress should be able to suspend their auto-enrolment contributions to avoid rising costs.
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