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Ethical issues: Ranked below performance

Ethical investors believe a fund manager&#39s track record is more important than their investment strategy, according to a survey.

Research by online fund information source TrustNet shows the top three reasons for investing in an ethical fund relate to the performance and cost to the investor.

The ethical investment strategy was ranked only fourth by the 1,750 users who took part in the survey, with brand or provider name considered least important.

Sales and marketing director James Jones says: “Having made the decision to invest in ethical funds, investors become less concerned about the comfort factor and more concerned about the hard facts.”


NYSE may not open until Monday

The New York Stock Exchange will stay closed for trading today and may not open until Monday as the damage to its trading capabilities is assessed.The Exchange is closed because of damage to its telecommuncations systems rather than structural damage to buildings. Markets in the Far East stabilised, with the Nikkei closing virtually unchanged at […]

C&G axes dual rates after FOS ruling

Cheltenham & Gloucester has ditched its dual variable rate policy after the Financial Ombudsman Service&#39s ruling against Halifax. It says it may reverse its decision if other cases do not follow the same pattern.

PIA suspends IFA over resource rules

IFA Jacobs Insurance Brokers of Cavendish House, Cavendish Road, Highams Park, London, has been ordered by the PIA to cease conducting and soliciting investment business because it cannot meet the regulator&#39s financial resources requirements. It is the eighth firm the PIA has suspended this year because it can no longer meet the requirements and the […]

Minister rules out &#39reform for rich&#39

Pensions minister Ian McCartney has ruled out annuity reform because he believes it would benefit only the very wealthy. At a fringe meeting at the annual TUC conference in Brighton this week, he said he had not seen any evidence that relaxing annuity rules would benefit the average pensioner. Answering a question from the floor, […]


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