The Financial Ombudsman Service (FOS) will publicly speak for the first time on social investing at an event run by the Social Investment Academy (SIA) on 2 November.
The Financial Conduct Authority (FCA) will join the FOS at the event, giving a speech responding to its ‘Call for input: regulatory barriers to social investments'.
The SIA said advisers' views on social impact investment is fundamental to the way professional indemnity insurers interpret the risk of covering advice in the social investment market.
2016 has seen an upturn in interest in social and ethical investing. In February, for example, Whitechurch Securities teamed up with Ethical Screen to produce a range of ethical investment portfolios following an increase in client demand.
In September meanwhile, Heartwood Investment Management launched two ethical multi-asset portfolios. Commenting on the launch, Heartwood IM head Noland Carter said clients are "increasingly looking to have portfolios managed in a way that is aligned with their values and ethical concerns".
In March, the SIA led a panel of speakers who discussed the comparative risks of using social investment tax relief versus tax-efficient schemes such as venture capital trusts and enterprise investment schemes. The panel featured advisers from leading firms as well as representatives from HM Revenue & Customs, the FCA and the Cabinet Office.
To find out more or book a place on the SIA's event, please click here.
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