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EIS starting up college to train ethical advisers

A new ethical investment college is being set up to train IFAs, countering

what ethical groups have described as a national shortage of eth-ical

advisers.

The college, run by Ethical Investment Services, will be targeted mainly

at young graduates who will be put through a full IFA training course with

an ethical slant.

There will also be a range of day and week-long courses for more

experienced IFAs who want to learn more about ethical investment.

EIS believes there are only a handful of ethical IFAs nationwide. It wants

to increase this number dramatically in a bid to promote ethical investment

across the country.

A survey carried out by the Ethical Investment Research Service last year

showed that more than three-quarters of people in the UK would like to see

their pension inves-ted ethically.

Director of Ethical Investment Services Dion Penston says: “We are keen to

take on a lot of younger people so that we can train them up from scratch

while they have no preconceived ideas about investment. But we will also

welcome people who have been in the business longer.”

A spokesman for Eiris says: “It is good to see courses emerging which are

encouraging ethical investment. The question of ethics is one that needs to

be raised more frequently by IFAs.

“If you are a vegetarian and your IFA did not ask you, he may invest your

money in a factory farm without your knowing. It is a matter of knowing

your clients.”

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