Investors want to be told about ethical options

| November 17, 2009 | 0 Comments
Investors want to be told about ethical options

More than a quarter of UK investors think financial advisers should be legally obliged to inform clients about green and ethical investment options.

In a YouGov poll of investors, over a quarter of respondents said the government should introduce rules requiring financial advisers to ask investors if they are interested in green and ethical funds.

Half of those surveyed said the government should also legislate to bring greater transparency to the financial services sector, while 44% said the sector needs to work harder to provide clear evidence of the benefits of ethical investments.

Just 8% of respondents held a green and ethical investment or savings product.

The research also found that female investors are more ethically minded that their male counterparts, and that the older generation has the greatest appetite for ethical investments.

Penny Shepherd, chief executive of the UK sustainable investment and finance association (UKSIF), said: “The fact that people are calling for greater access to financial advice and better information on green and ethical investment is something we should all take on board.

“Clearly there are advisers that excel in advising on green and ethical investment.

“However, for many there remains an excellent opportunity to improve their knowledge in this area and include it in their overall client proposition.”

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