Govt looking to boost social investment through financial advisers

Peers including Lord Hodgson, the former chairman of Tenet Group, and Baroness Kramer, raised the issue during a debate in the House of Lords on the Financial Services Bill on Tuesday night. They were attempting to introduce amendments to promote and encourage social investments, and pointed out the regulatory worries or burdens which currently prevent advisers from dealing with this asset class. Lord Sassoon, the commercial secretary to the Treasury, agreed with this concern, but insisted it was not necessary to deal with the matter in the Financial Services Bill. He said: "It is ...