Marks & Spencer launch new ethical account by Finance News Bulletin
Published: 12/12/07
Moving financial records from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" have an effect on home contents insurance, warns NFU MutualAxa is launching My Budget Day on November 21st in an effort to encourage people to take manage of their financesOn Monday 12th February, Marks & Spencer Money will open an ethical fund intended to meet the needs of savers who want to invest their cash in an account run on ethical principles
Research conducted by the bank indicates more than one in five investors gives consideration to moral investment when choosing an account and see it as a mainstream optionThe M&S cash Ethical finance, which can be sheltered within the tax-efficient ISA wrapper, will invest in companies that the store feels make a optimistic contribution to the community or environmentIt will avoid investing in companies that they perceive as primarily concerned in the following activities: armaments, betting, the fur trade, tobacco and pornographyBrendan Cook, chief decision-making of M&S Money, commented, "Our saving and spending decisions are more and more influenced by a desire to take personal responsibility for our impact on civilization and the environment which is why we are launching a new ethical asset product
Companies that have a poor environmental evidence will also be discarded for investment purposes, as will companies that conduct or commission non-essential creature testing or those that make use of
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