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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.”


iShares heads for Europe with new fund

iShares has introduced the iFTSE ExUK fund, its third exchange traded fund (ETF). The fund is targeted at investors who are looking for low to medium risk exposure to the European market, and has Barclays Global Investors as the investment manager. The other ETFs created by iShares are the iFTSE 100, which invests in the […]

House prices up says Nationwide

House prices rose by 1.2 per cent nationally in December and ended the year 9.3 per cent up according to Nationwide quarterly figures just released. The fourth quarter of 2000 showed a two per cent increase compared to a 0.4 per cent decrease in the third quarter. Nationwide expects the increase to continue in 2001, […]

Last year &#39lacklustre&#39 for UK pension funds

UK pension funds posted a lacklustre negative return of -1.8 per cent in 2000, according to estimates from performance measurement consultancy The WM Company. Although the return is disappointing, there have been larger negative of -11 per cent and -4 per cent in 1991 and 1994 respectively. WM executive director Peter Warrington says: “Over 10 […]


There are quite a lot of us only too happy to forget 2000 and get on with 2001. In a year which will be remembered for the collapse of our oldest and most prestigious mutual, Equitable Life, practically the only good news was that the millennium bug failed to strike and house prices put on […]


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