Four out of five advisers find information on green and ethical investments is limited or hard to come by, according to a survey by the Association of Independent Financial Advisers (AIFA).
The finding comes despite a quarter of advisers claiming they have observed a rise in consumer interest in ethical investments.
AIFA commissioned a survey of IFAs experience of ethical investments to coincide with National Ethical Investment Week, which it is backing.
Overall, 82% of those advisers surveyed say they found information to help them advise on ethical investments was hard to find or limited, while 23% saw an increase in enquiries for green and ethical investments.
The survey also found large numbers of IFAs advise on ethical products, including 70% of those providing savings, investment and pension advice.
Advisers have also adopted green policies for their workplace, with a third implementing green initiatives, although half have yet to consider this.
Chris Cumming, director general of AIFA, says: “We are keen to support all members in developing green policies and make their contribution to the battle against climate change, it is one of the guiding principles of the Manifesto for Advice that well run firms should pay due regard to the environmental impact of their business practices.”
As part of National Ethical Investment Week, AIFA is running a seminar, which will include information on the ethical investment market, the benefits of ‘going green’, and will help members with ideas to increase their ethical investment business.
Have your say:
"In one sense I am surprised to hear that AIFA's survey suggests IFAS find it hard to obtain information on ethical and environmental funds. On the other hand it does confirm how little knowledge there is in the IFA community on this subject.
The good news is that any IFA using Synaptics Clarity for research has access to most information needed - including a sifting service. Then there is UKSIF (UK Social Investment Forum) with its excellent training programme for beginners. The EIA (Ethical Investment Association) with its complimentary quarterly training days specifically for IFAs and informative website. Its just a case of doing a little bit of research and it is remarkable how much information is available to help IFAs give the right advice to their clients. Try the following links: www.eiris.org, www.ethicalinvestment.org.uk, www.uksif.org" Jeremy Newbegin, Director, The Ethical Partnership Ltd
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