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Friends in ethical stakeholder deal

Friends Provident is joining forces with IFA Holden Meehan to launch what it believes is the first ethical stakeholderstyle pension.

There are no initial charges. Flexible contributions can be paid at any time with the minimum regular contribution of £20 and the facility to accept payments from other approved pension arrangements.

Holden Meehan says the New Generation scheme is responding to increasing dem and among its customers for investment choices which take into account ethical, social and environmental issues.

Friends Provident says the pension offers an alternative to employees who want good returns but also want to minimise damage to the environment and communities.

The pension will be offered exclusively through Holden Meehan&#39s 25 advisers based in London and Bristol offices.

The company&#39s group pension clients include Friends of the Earth and the Soil Association.

Holden Meehan managing director Patrick Meehan says: “There is now a great deal of research to show that, given the choice, most people would prefer to invest successfully without compromising their principles. It was important for us to develop a suitable ethical stakeholder scheme. Employers need to offer their staff a good pension scheme and the combined offer of a simple pension plan which invests in environmentally-friendly funds offers a unique opportunity for socially responsible investment.”

Friends Provident head of stakeholder strategy Paul Stanbridge says: “Stakeholder pensions will provide a simple, excellent value vehicle for retirement savings. The ethical stakeholder offers the ideal product for the growing number of people who want to play their part in protecting the environment and investing with a conscience.”

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