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CIS wants stakeholder ethical stance disclosed

CIS is calling on the Government to bring stakeholder pensions in line with trust-based occupational schemes by making pro viders disclose any social or ethical investment stance.

The call comes after talks with the Government on soc-ially responsible investment.

The company believes a statement of investment objectives will provide more transparency and openness, which it says customers are looking for from modern financial services products.

Research by CIS into public attitudes to investments and investment reporting found that 81 per cent of people want to be informed about investment policy while only 12 per cent regard returns as their only investment priority.

General manager (marketing) Martin Clarke says: “We believe the introduction of stakeholder pensions provides a golden opportunity for the Government to promote its SRI agenda as stakeholder is int ended to be one of the most common personal investments on the mass market.

“By stating any investment criteria at the point of sale and through inc-orporation into key features documentation, customers will be encouraged to think about where their money is going and how it is invested.”

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