If you have a ‘standard’, mainstream Pension plan, chances are it includes investments in some of the most destructive Industries on Earth: armament, conflict technology, fossil fuels, minerals, agribusiness. It doesn’t have to be like that; in the UK today you have choices about how your Pension affects the world around you, what it invests your money in and how it will affect your descendants’ future. Note also that Ethical Investments have consistently outperformed other, unethical funds, for several years now, and so make economic, as well as ethical sense.
“Where complex decisions around pensions or involving large sums of money need to be made, seeking professional advice is almost universally recommended.
Independent Financial Advisors (IFAs) tend to operate as small businesses, partnerships or sole traders and there are more than 15,000 in the UK. If you are an Ethical Consumer reader, you are almost certainly looking for someone who will respect your ethical principles and take them seriously, which may not always be the case. Fortunately, narrowing down the list of IFAs to find someone like that is easier than it used to be.” – Ethical Consumer
Providers default funds – not their ethical funds – were scored as follows:
Share Action score*
The People’s Pension
Legal & General (contract-based)
Legal & General (master trust)
Standard Life (master trust)
Standard Life (contract-based)