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Two out of three investors want IFAs to discuss ethical funds

Two investors in three would like to see their money invested in a socially responsible manner according to a MORI poll for Stewardship Growth, an ethical investment fund for private investors.

The poll has found 65 per cent of investors want IFAs to start taking the initiative and ask their clients if they wish to invest ethically, rather than wait for it to be requested.

However, 25 per cent of investors polled expect ethical funds to underperform compared with other funds, 42 per cent expect no difference and only 15 per cent expect better returns.

Stewardship has found though it can produce higher returns from ethical funds than 35 of 55 UK equity growth funds in a 20 year period. In the year to May 31 2004, Stewardship grew by 24.58 per cent against 22 per cent for the FTSE All Share Index. The ethical funds sector, according to the survey has grown to 200 funds worth £4.2bn. Stewardship has 200,000 investors and manages funds of £1.5bn.

Stewardship fund manager Ted Scott says: “The laugh is now on the cynics who in 1984 described ethical funds the Brazil funds – because you have to be nuts to buy them. One reason they do well is that, in an era of trackers and closet trackers, ethical funds have to be very actively managed because entire sectors like tobacco and defence are ruled out.”


Whitechurch Investment Services placed in liquidation

IFA Whitechurch Investment Services Limited is to be placed in voluntary liquidation as of July 9. The company made the announcement today, while stating that Whitechurch Securities and The Whitechurch Network will continue to trade. BDO Stoy Hayward LLP has been appointed to advise the directors of the company.

FSA publishes annual report

The FSA has published its annual report, which reveals that fees for IFAs will decrease by around one per cent this year. The actual fees charged relate to the type of business carried out by a firm, so the FSA says that within this average figure there will be considerable differences across industry blocks. The […]

Bankhall says only two networks have scale for multi-ties

Bankhall has laid down a challenge to rival networks, claiming that only itself and Sesame have the scale to build a workable multi-tie proposition. Business development director Peter Mann believes there are very few players apart from Bankhall and Sesame able to build an operable multi-tie, underlining the difference between a true multi-tie, which has […]

Sims gets joint chief exec role at Zurich

Zurich says David Sims is to be chief executive for both its manufacturing and distribution businesses despite pledging to separate the two within five years. Sims, who was revealed as chief executive of the UK life insurance business in June, is to take the same job with the as yet unnamed distribution business when it […]

Certification guide

Guide: how to… certify your pension scheme

Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.


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