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CIS beefs up SRI scrutiny

CIS is increasing its scrutiny of its socially responsible investments by forming an independent advisory committee to examine decisions made by its Responsible Shareholding Unit.

The committee will look at drug company pricing policies, peat extraction, rail safety and countries&#39 human rights records. The committee contains representatives from the world of business, academia, politics, the media and voluntary organisations.

CIS responsible shareholding unit head Robert Taylor says: “IF CIS and its policyholders are to achieve the maximum benefit from SRI it is important that we are accountable and transparent about the decisions we make.”


Julian Gibbs

Most leading fund managers, according to several recent surveys, expect the Japanese stockmarket to end the year higher. For the first time in many years, I think they are right.The time to buy into a market is when it is near a low. The Japanese market is more than 67 per cent off its high […]

Portman pulls out of remortgage market &#39for time being&#39

Portman Building Society has become the first major lender to pull out of the remortgage market.The tactical withdrawal means Portman has stopped accepting remortgage applications “for the time being”, believing these borrowers will switch to another lender once their special deal ends.Corporate communications manager Mike Dobson says: “It cannot be good for lenders and consumers […]

Norwich & Peterborough – Five Year Fixed Rate Tessa Only Isa

Tuesday, 3 July 2001.Type: Mini cash Isa for Tessa maturities.Minimum investment: £1000.Maximum investment: £9,000.Catmarked: No.Interest rate: 5.75 per cent gross a year.Charges: None.Withdrawal penalty: 120 days&#39 interest on amount withdrawn in fixed rate period.Commission: None.Tel: 0845 3002511.


Saltr blow as Skandia rethinks accreditation

Skandia has withdrawn from seeking the ABI’ Saltr accreditation because it fears its efforts might be wasted as the industry faces scrutiny under a deluge of reviews.The decision is a setback for the quality mark scheme, which was launched last October, with dozens of brands, including Skandia, giving their official commitment to seeking accreditation.But while […]


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