Today's investors 'more ethical'
24/07/2006
Consumers are no longer only motivated by financial return when it comes to investments, it has emerged.
According to the Friends Provident Lasting Lifestyles report, people are now considering ethical values when choosing their pension investments.
Whereas 23 per cent invest in the best possible pension fund for their money, 16 per cent want to invest for the joint reasons of making cash and being socially responsible.
This socially-conscious group of investors are being labelled the Nu Authentics and are encouraging companies to take a more responsible attitude as they prefer pensions with an ethical, social, civic and environmental outlook.
Julia Dreblow, SRI marketing manager at Friends Provident, said: "People are increasingly looking to do their bit for society and for those who are already buying organic and regularly recycling, looking at the impact their investments could have is simply the next logical step.
"The common view that investors are only motivated by financial return is simply outdated."
She added that the Friends Provident Stewardship Pension Fund, which was "the UK's first retail ethical pension fund" when it was launched in 1984 has recently "exceeded the £1 billion mark". This, she says, proves the support for ethical investment.
For more information on socially responsible investing, people can seek out the Ethical Investment Research Services organisation.
This group researches the social and ethical aspects of companies and provides information and advice regarding investments.
According to the Friends Provident Lasting Lifestyles report, people are now considering ethical values when choosing their pension investments.
Whereas 23 per cent invest in the best possible pension fund for their money, 16 per cent want to invest for the joint reasons of making cash and being socially responsible.
This socially-conscious group of investors are being labelled the Nu Authentics and are encouraging companies to take a more responsible attitude as they prefer pensions with an ethical, social, civic and environmental outlook.
Julia Dreblow, SRI marketing manager at Friends Provident, said: "People are increasingly looking to do their bit for society and for those who are already buying organic and regularly recycling, looking at the impact their investments could have is simply the next logical step.
"The common view that investors are only motivated by financial return is simply outdated."
She added that the Friends Provident Stewardship Pension Fund, which was "the UK's first retail ethical pension fund" when it was launched in 1984 has recently "exceeded the £1 billion mark". This, she says, proves the support for ethical investment.
For more information on socially responsible investing, people can seek out the Ethical Investment Research Services organisation.
This group researches the social and ethical aspects of companies and provides information and advice regarding investments.
