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F&C rejects separate SRI sector

F&C and Kames Capital have warned against creating a separate IMA sector for sustainable and responsible investment funds.

Advisers and SRI providers have complained that the funds are not very visible in the IMA sectors and advisers cannot easily compare SRI funds’ strategies on platforms.

But F&C director of governance and sustainable investment Alexis Krajeski warns that investors who are not specifically looking for SRI funds may not be aware of them if they are in a separate sector.

She says: “SRI funds should be compared with mainstream funds so that investors can compare their performance.”

Kames Capital head of corporate governance and SRI Ryan Smith says: “We do look at how our peers are doing but it is difficult to compare them because different funds have different screening criteria.”

Holden & Partners managing partner Mark Hoskin says SRI funds should remain in existing IMA sectors but there should be sub-sectors that identify the funds. He says: “For example, the global growth sector could include a sub-sector for SRI funds, which could then be broken down to highlight underlying themes such as water.”


Advisers urge Scot Wids to focus on CI and IP innovation

Protection advisers have urged Scottish Widows to focus on developing new critical illness and income protection products after it announced plans to re-enter the IFA protection and annuity spaces. Currently, Widows offers a protection plan through its direct channels, from which customers have a choice of options including term life cover, critical illness and whole […]


Phoenix Group terminates talks with private equity firm

Phoenix Group has terminated takeover talks with private equity firm CVC. In a statement to the stockmarket this morning, the closed life firm says it is not in acquisition discussions with any other firm. Phoenix announced in November that it was is in early stage discussions with CVC over a possible £1bn takeover. It had […]


MPs say Govt must help stimulate LTC market

MPs are calling on the Government to work with industry to create a viable market for financial products able to fund long-term care costs in the wake of the Dilnot Commission. One of the Dilnot Commission’s recommendations was to place a cap of between £25,000 and £50,000 on the amount an individual pays for social […]

Chris Hannant

No signs of efficiency in FSA budget

So we now have the FSA proposals for fees for 2012/13. I am sure it is a surprise to no one that they have risen but I am not sure it was widely expected to rise by 15 per cent. There are plausible reasons for some increase. The value of fines collected is down, the […]


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