View more on these topics

&#39Use stakeholder to push responsible investment&#39

Co-operative Insurance Society is urging the Government to use stakeholder as an opportunity to raise awareness of socially responsible investment.

CIS says the Government needs to ensure customers are fully aware of the investment principles behind any pension scheme. All stakeholder pensions currently have to produce a statement of investment principles but there are no rules on how this information is presented to customers.

CIS says its recent research shows 81 per cent of investors want to be kept informed by their financial services providers about investment policies and 52 per cent value a commitment to investing responsibly, provided they get a good rate of return.

The company says that, by describing the investment criteria at the point of sale through incorporating the details into key features documents, individuals can make an informed choice.

But CIS does not expect financial services providers to be forced into taking any social or ethical stance.

General manager Martin Clarke says: “We believe the introduction of stakeholder gives the Government a golden opportunity for it to promote its socially responsible investment agenda.

“Stakeholder is intended to be one of the most common personal investments on the mass market.”

Recommended

Chase Fleming gets dynamic about Europe

CHASE FLEMING ASSET MANAGEMENT FF-European Dynamic Fund Type: Sicav. Aim: Growth by investing in European stocks. Minimum investment: Lump sum £2,000, monthly £50. Place of registration: Luxemburg. Investment split: UK 21 per cent, Austria 0.5 per cent, Belgium 1.5 per cent, Denmark 3.4 per cent, Eire 1.1 per cent, Finland 2.7 per cent, France 19.2 […]

There&#39s life in the old annuity yet

A paper presented to the Institute of Actuaries last month marks a major step forward in the evolution of annuities. Entitled, Reinventing Annuities, the report makes a strong case for annuitisation. Annuities work on the basis of pooled insurance. Those who die before their average life expectancy subsidise those who live beyond it. The case […]

Twefs offers education guide

Tunbridge Wells Equitable Friendly Society is offering a guide to inform young people about the costs of higher education. The move is in response to a recent Mori poll which found that the average student owes £3,300 and expects to be £7,000 in debt by the time they graduate. Twefs&#39 Brief Guide to the Financial […]

Virgin takes an IPA flier

Virgin Direct&#39s announcement of its impending individual pension account launch deserves closer inspection. The company is incorporating IPAs into its pension wrapper but the IPA will be the fund engine sitting within the pension and will not be taking a more prominent role in the scheme. Most life offices struggle to see what advantages IPAs […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment