Ethical deadline looms

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By Pascal Dowling Shareholders in the Friends Provident Ethical Investment Trust (FPEIT) have until...

By Pascal Dowling Shareholders in the Friends Provident Ethical Investment Trust (FPEIT) have until 25 January to transfer their investment into the group's Geared Opportunities Income Trust (Goit). The option to rollover into the trust, first reported in Investment Week, is likely to raise at least £80m for the new vehicle. It was first proposed in November as part of a package of possible rollover options provided by the board of FPEIT when it announced proposals for the early wind-up of trust. Other options include the opportunity to transfer money into the AA-rated Stewardship ethic...

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