Legal & General is launching a new tracker-based Ethical Pension Fund using a 'filtered' version of the FTSE 350 Index.
The filter excludes those companies failing to meet ethical criteria established by the company's extensive research of existing ethical and conventional investors.
L&G is also launching four other new funds, the European Equity Index, US Equity Index, UK Recovery and UK Smaller Companies.
These funds are designed to provide its pension customers with a wider choice of both active and passive funds.
L&G pensions development director Tony Filbin says: “These funds have proved very popular with IFAs for ISAs and Unit Trusts, and so we are delighted to be able to extend them to our pension products as well.”