Christian IFAs back legal boost for social investment

The House of Lords has proposed amendments to the Financial Services Bill that ACFA hopes could encourage a new wave of social-minded investors. The amendments, which reached the third day of their report stage yesterday, would allow small-scale investors to support projects that have a clear social benefit. Aidan Vaughan, spokesman for ACFA, welcomed the move as "unquestionably positive". The proposed amendments would signal government backing for small-scale investors to pursue social goals, while recognising the potential greater risk to their capital. The proposals follow a yea...