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Friends to offer &#39best of sector&#39 etical funds

Friends Provident is planning “best of sector” ethical funds in a bid to keep up with the widening appeal of socially responsible investment.

The company says the move, due later this year, responds to the broadening

appeal of ethical investments which includes an increasingly wider mix of


The new funds will invest in companies in any sector which demonstrate the

most socially responsible stance among its peers.

Friends says this stops investors missing out on any high-returning

sectors which may be traditionally barred for investment through products

with more traditional “dark green” stock selection with stricter ethical


The company says investors range from the very ethically minded, who put

ethical concerns before profit, through to those who would like to include

an ethical element but remain more concerned with returns.

Friends pioneered the ethical sector with the launch of its strict

criteria “dark green” stewardship unit and income trusts in 1984.

The new funds address consumer concerns on traditional ethical investment

products not providing as high returns as traditional non-ethical funds.

External communications manager Jim Murdoch says: “Investors can engage in

the benefits of socially responsible investment by taking ethical option

into account without altering investment philosophy or stock-selec tion



CGU thinks young at heart with a day at the seaside

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Back up your troubles

As a techno-evangelist standing at the dawn of the Information Age, Ishould be con- fident that matters needing attention before the end of thetax year are no reason for delaying a much needed holiday. So what if Ihave yet to set up my Isa or take full advantage of the capital gains taxexemption? As an […]

Forming attachments

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Monetary Policy Committee split over interest rate decision

The Monetary Policy Committee was split over its decision to keep the interest rate standing still last month.The published transcripts of their April meeting reveal that the final tally was 6-3 for keeping the rate at six per cent. The minority opinion wanted to raise it a quarter of a point to combat the rising […]

What triggers the MPAA?

Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]


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