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Socially responsible investment to top City agenda says PWC

Socially responsible investment will top City and business agendas according to PricewaterhouseCoopers.

New pensions legislation introduced on July 3 coupled with Government-proposed reforms of UK company law are prompting the move.

All UK private sector pension funds will be legally obliged to consider SRI and voting rights as part of their overall investment policy as of Monday July 10. Trustees will also have to ensure funds disclose whether they take account of the environmental, social and ethical impact of their investments.

The DTI’s Company Law Review will propose listed companies report on their policies and social and ethical issues and include the findings in their annual report.


Portman Building Society launches new ISA product

Portman Building Society has capitalised on the Government’s decision to relax the investment restrictions on cash ISAs with the launch of its new ISA 30 account. The account offers 6.25 per cent tax free and guarantees 0.25 per cent tax free on savings before January 1, 2001. The minimum investment is £1,000 with a maximum […]

Michael Folger

More than a passing resemblance to Paul Newman, don&#39t you think?” asks FSApress officer Jackie Blyth as she hands me a photo of director ofinvestment business Michael Folger, a piece of information which is dulyfiled in case he needs to be charmed.But it turns out that such journalistic tricks are not needed. He is theone […]

Old Mutual appoints new boss

Old Mutual has appointed Clive Boothman as chief executive of its combined Capel Cure Sharp and Greig Middleton businesses. Richard Bernays who has been acting CEO of both CCS and GM becomes chairman of the combined businesses. Boothman, who spent most of his career at Schroders will take up his position on September 4 and […]

HSBC offers customer rewards

HSBC is introducing savings and rewards initiative for new and existing customers as part of its hat trick of ‘better banking’ moves. The moves include: Waiving charges for its customers who withdraw from Link machines and other banks’ customers using HSBC machines. Cutting its variable mortgage rate by one per cent to 6.75per cent which […]


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