View more on these topics

Occupational members back ethical lobbying

Three-quarters of occupational pension scheme members believe pension funds should encourage the companies they invest in to behave ethically, according to Friends Ivory & Sime.

Research by NOP on behalf of the fund manager shows 74 per cent of members would like pension funds to use their influence as shareholders to encourage socially responsible business practices.

Of 1,000 members questioned, 74 per cent also said they would prefer pension funds to engage with companies to encourage change rather than avoid investing in companies with a questionable record.

A number of pension funds have already made public statements that they intend to use their influence to push the issue of socially responsible investment up the agenda.

This follows regulations issued in July by the National Association of Pension Funds which require occupational schemes to take account of social, ethical and environmental issues when making investment decisions.

Friends launched a service last year which works with companies to promote social responsibility. It says it is helping 300 institutional clients with £18bn worth of assets.

Director Craig Mackenzie says: “The research shows there is strong demand from pension scheme members for pension funds to respond positively to the recent pension fund social responsibility.”

Recommended

Move to Dublin escapes review

Eurolife has launched a new income or growth plan which bypasses an Inland Revenue review of high-income bond taxation by using a Dublin-based company.The Eurolife income or growth plan offers 10 per cent income or 30.25 per cent growth tax-free for Isa and Pep investors. Basic-rate taxpayers buying direct investments receive 9 per cent net […]

NPI and ScotProv sign up for Focus online software

E-commerce software provider Focus Solutions has won a contract to supply technology to Scottish Provident and NPI.Focus will provide the companies with its goal:proposal package which enables new business applications to be made online.Applications are sent out across multiple channels to IFAs, who complete and return them electronically to the product provider for processing and […]

Knee-jerk surrenders bring calls for cooling-off period

IFAs are calling for the FSA to impose a cooling-off period on endowment surrenders to protect policyholders from needlessly cashing in their plans.Advisers fear many of their clients have been panicked into surrendering policies after receiving letters saying they could be facing shortfalls on their mortgage endowments.They have slammed the FSA for whipping up an […]

Investment view

Two sectors in which it would have been sensible to invest in recent weeks are oil and technology. You can add media to that as well but the resurgence in demand for new economy stocks did not extend as far as telecommunications. The fancy sums being paid for new generation mobile telephone licences have unnerved […]

Embrace simplicity!

By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]

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