Demand for ethical investments rising
Investors are increasingly looking to put their funds into ethical investment products, new statistics from IFA Promotion have revealed.
Research from IFA Promotion, the organisation promoting the benefits of independent financial advice, said 1,933 people had searched www.unbiased.co.uk for an ethical investment independent financial adviser (IFA) in the last quarter – an increase of more than 100 per cent over the same period in 2005.
IFA Promotion also reported that the number of its members listing ethical investment advice in their top eight business areas was up 33 per cent on last year.
David Elms, chief executive of IFA Promotion, said: “The rise of the ethical consumer is well documented – the popularity of organic food is one example of this. However, whilst ethical investments may be less well known, they are nonetheless rising up the agendas of UK investors.
“Because we deal with over half a million requests for IFAs a year, we can confidently report the advice areas consumers most demand, and ethical investment is without doubt proving more popular.”