I recently questioned whether ‘big Pharma’ companies such as Glaxo were ethical enough to be in ethical funds. Clients’ perception, I said, was that they charge too much for drugs, have dodgy testing policies and pay big bucks to political parties. The counter argument from ethical fund managers is that they do a lot of research and save lives. And now we hear that some ‘ethical’ funds include all the stuff that ethical investors are trying to avoid, like guns, fags, booze and fossil fuels, simply because the companies look after their employees well and meet other ‘ethical’ criteria. Managers, get your acts together, or the regulator will do it for you. And clients wanting to invest ethically, talk to an adviser…
“Platforms call for UK government to resist launching ‘retrograde’ British ISAs”
There is a school of thought which might say that, should you wish to revive and encourage investment in the UK Stockmarket, a starting point might be the reversal of Brexit.
