ISA investors urged to go green - Savings - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

ISA investors urged to go green

ISA investors urged to go green

Category: Savings

Updated: 12/02/2010
First Published: 12/02/2010

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Investors have been urged to go green after it was revealed sales of ethical funds hit a two year high at the end of 2009.

The latest figures from the Investment Management Association (IMA) showed sales of ethical funds in the final three months of last year were the highest seen since the fourth quarter of 2007.

Meanwhile a separate survey conducted as part of National Ethical Investment Week found that 49% of people would like to make money and make a difference, with the desire to make a positive impact the highest among older investors.

"As we gradually move out of recession, it is vital that people carefully consider the impact of their investments to help build a sustainable economic recovery," said Penny Shepherd MBE, chief executive of UKSIF.

"One simple way to make a difference is to consider green and ethical funds as part of your ISA . With people aged 55 and above enjoying an increased ISA allowance this tax year, there is an opportunity to invest the extra cash in green and ethical funds."

According to the IMA, net retail sales of ethical funds hit £155 million in 2009.

The number of ethical funds available at the end of the year totalled 54, offering considerably more choice to investors than the 15 available in 1992, when net retail sales totalled just £10 million.

The deadline for savers wanting to make use of their 2009/10 ISA allowance is 5 April.

Find the best savings accounts for you - Compare fixed rate cash ISAs

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Just 47% have money in a savings account

We’re often told of the importance of saving, yet unfortunately, the message doesn’t always get through. Indeed, research shows that just 47% of those surveyed have money in a savings account, and 17% have no savings or investment whatsoever.

How much will you save this year?

Many of us have set savings goals for the year ahead, and planning to budget better and save more will be at the top of many financial resolution lists. But how much are you hoping to squirrel away? Encouragingly, many people have impressive targets.

How to make your savings go further this year

The start of a new year is always a good time to sort out your finances, and this year, focusing on your savings should be at the top of the agenda. We’ve got a few tips and tricks to help make your savings go further in 2017.
 
Close