Aviva has launched a defined contribution (DC) default investment strategy for its workplace pension clients, incorporating ethical and ESG considerations.
The strategy - which launched last month - is based solely on the Aviva stewardship funds opened in 1984, it said. The Stewardship Lifestyle Strategy integrates ethical and ESG considerations throughout savers' growth and consolidation phases, meaning they are used until a members' selected retirement date regardless of when they first invested. The approach sees environmentally or socially harmful companies excluded from the strategy's investment portfolio, including those with significant involvement with tobacco, pornography, and fossil fuels. Speaking to PA's sister title Profe...
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