Nationwide and Legal & General partner for ethical investment

23 January 2008 / by None
Nationwide and Legal & General have teamed up to offer new products including ethical investment opportunities.

The partnership will allow them to directly respond to customer requests for investment in ethical funds, with funds being accessible for a £20 minimum investment, Nationwide has said.

Ethical Trust allows customers to invest in various companies within the FTSE 350 index which adhere to "ethical and environmental guidelines".

The fund is designed for the increasing number of people who are reluctant to invest in companies that display a poor human rights agenda and are linked to practices such as animal testing and arms manufacture.

Chris Last, Legal & General's managing director for bank and building society distribution, said: "Legal & General has an excellent track record in delivering strong product performance and competitive pricing across the full range of products and we are looking forward to working closely with Nationwide to ensure we continue to deliver products that meet the needs of their customers."

In related news, a survey by Legal & General recently revealed that 78 per cent of financial advisers questioned about offshore investment predicted that their international business would remain the same or increase in the coming months.

Find out more about ethical investment

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