Ethical funds accused of greenwashing, consumers 'missing out' on DB transfers and the state pension increase - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
The ‘ethical' funds that plough your cash into tanks, tobacco and Big Oil Fund managers who claim to invest almost £2 trillion in ethical businesses are in fact ploughing billions of this money into oil, weapons makers and tobacco companies, The Sunday Times reports this weekend. Research given to the paper by wealth manager SCM Direct has revealed so-called sustainable assets held by investment firms may in reality be "greenwash" - a marketing ploy designed to show off eco-credentials. SCM Direct founder Alan Miller tells the Sunday paper: "Despite significant growth in this area,...
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