Norwich Union is offering investors six Socially Responsible Investment (SRI) funds as part of an e...
Norwich Union is offering investors six Socially Responsible Investment (SRI) funds as part of an extension its Portfolio Bond, Bond 2000 and Flexibond investment fund ranges.
The team of 10 behind the SRI offering was previously responsible for the Global Care range at Hendersons and NPI before moving to Morley Asset Management last year.
The funds will be investing in companies that provide solutions to social and environmental problems and will be offering regional intermediaries a commission rate of around 5.86%.
Kevin Morgan, a proposition manager at Norwich Union Life Services Limited, said: 'The funds will be investing in companies with strong green credentials.
'The type of companies they will be looking at, for example, would be those involved in zero emission power generation and the organic foods sector.'
Other investment possibilities could include more traditional businesses that are looking to reduce waste and eliminate harmful chemicals or companies that have a strong commitment to the welfare of their workers.
More than £3m transferred
Available to 80,000 employers
Covered call option strategy
Cunningham Coates wealth manager
More than 20 partners on board