View more on these topics

National Mutual goes ethical

The new ethical fund from National Mutual is a unit linked pension fund available for individual or group personal pensions.


It will invest wholly in the fellowship fund, which is managed by Credit Suisse Asset Management.


The fellowship fund operates with strict criteria. It will not invest in companies which produce alcoholic drinks, tobacco, restricted pesticides, weapons, pornographic material or genetically modified organisms, as well as those which have a poor pollution record or profit from gambling.


It will invest in companies that have a good environmental record, that are energy-efficient, do not use animals for experiments and are involved with the local community. Among the companies that it currently invests in are Vodaphone Airtouch, Smithkline Beecham, Britt Allcroft and Royal Bank of Scotland.


Ethical funds tend to appeal to the investor who cares about where their money is invested. However, because ethical funds have a narrower choice of companies to invest in, their performance can lag behind other funds which place profits before ethics.


According to Standard & Poor’s the Credit Suisse fellowship fund is ranked 94 out of 230 funds, based on £1,000 invested on a bid to bid basis with net income reinvested over a three year period to September 4, 2000.

Recommended

All aboard for stakeholder advice

Britannic Assurance is travelling round the country in a double-decker bus to bring the stakeholder message to employers.Its roadshows follow a survey conducted for the life office which revealed that many employers are unaware of their obligations under the stakeholder pension regime.It also found IFAs are the top choice for employers who have already sought […]

&#39Catmark&#39 could clear up flexible mortgage confusion

The Government and the CML are to discuss the creation of a Catmark-style benchmark for flexible mortgages, in response to issues raised by Sun Bank.Sun Bank wrote to the Council of Mortgage Lenders expressing its fears that many so-called flexible loans fail to live up to their claims. It has called for the CML to […]

Fidelity targets consumer industries

Fidelity has brought in the consumer industries fund, a Luxemburg domiciled Sicav sub fund.Consumer industries is targeted at experienced investors and will aim for long term growth by taking advantage of a rise in consumer spending, especially in the USA and the UK due to sustained economic growth.The fund will invest in companies all over […]

ABI pleads for IPA relief as funds get exemption

The ABI and Autif have locked horns over tax concessions for individual pension accounts, with the ABI claiming the Government has handed fund managers an unfair advantage.But Autif says the Treasury&#39s concession on stamp duty reserve tax on IPAs levels the pension playing field.The tax exemption of IPAs invested directly into unit trusts and Oeics […]

China’s economic bounce may already be over

By Mike Riddell (17 May 2016) Most people would explain the rally in global risky assets since mid-February as being primarily down to the spectacular volte-face from the Federal Reserve, where Janet Yellen (and others) dramatically toned down their narrative that the Fed would be hiking rates as many as four times in 2016. This explanation […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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 advice.

    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

    Email: customerservices@moneymarketing.com