'Not-so ethical' funds, plastic 'fantastic' and a 'winning' investment structure - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
The not-so ethical funds: ‘I switched my pension to a ‘low-carbon' fund and it invested me in Shell' As sustainable investing grows in popularity, this Sunday Telegraph article warns savers to be wary of so-called ‘greenwashing' - a practice where funds marketed as being socially responsible still own companies that damage the planet. The piece gives the example of two readers who invested into Legal & General's Future Worlds fund via pension firm Pension Bee. As the fund was marketed as "aiding the transition to a greener economy" by investing in "low-carbon" businesses, they were sur...
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