View more on these topics

Ethical Partnership balances SRI Fof

The Ethical Partnership has established a balanced unit-linked socially responsible fund of funds for Merchant Investors’ product range and will add an adventurous portfolio later in the year.

The MI Eden SRI balanced fund, which forms part of Merchant Investors’ Zest fund range, comprises at least 12 underlying funds and is managed on a discretionary basis by Minerva Fund Managers. The Ethical Partnership already works with Minerva for a discretionary fund management service on the Avalon platform but wanted to link the balanced fund to a wider range of wrapper products than offered by Avalon.

The Ethical Partnership has a direct influence on fund choice within Eden SRI balanced, as the firm has more experience in ethical and SRI funds than Minerva. Minerva is responsible for the asset allocation and making sure the risk profile is appropriate for a balanced fund.

The Ethical Partnership will monitor the way that Minerva runs the fund to make sure performance is achieved and that it is investing in suitable funds.

The Ethical Partnership director Jeremy Newbegin says the adventurous fund of funds will differ from the balanced fund in its ability to hold direct equities but it was important to launch the balanced fund first.

He says: “Most investors who go through a risk questionnaire would end up being balanced. Balanced was the logical route as it would reach out to more people.”

MI Eden SRI balanced has an annual charge of 0.25 per cent and a total expense ratio of 1.6 per cent.


GI sale could leave Aviva vulnerable

Aviva’s life business would be more vulnerable to a takeover and exposed to the risks of Solvency II if the group chooses to sell off its general insurance arm, according to Fitch Ratings. Last week, Aviva rejected a £5bn bid for its GI business from RSA, claiming the price was too low, although influential shareholders […]


‘Watchdog has no grasp of pension-sharing rules’

Pensions adviser Richard Jacobs has accused the Pensions Ombudsman of having a “complete lack of understanding” of the rules governing pensionsharing. In a letter to the ombudsman, Richard Jacobs Pension and Trustee Services managing director Jacobs says it was wrong to conclude in a recent decision that documents formally disclosed in court cannot be relied […]


FSA cost of RDR set to pass £3m

The FSA has spent £2.95m so far on development of the retail distribution review. The figure has been revealed in response to a Freedom of Information request by Highclere Financial Services partner Alan Lakey, who is also director of Adviser Alliance. The regulator’s costs comprise £2,061,000 on internal staff working on the RDR, £249,000 on […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm