Released: 27 Feb 2006
Rathbones’ specialist ethical division Rathbone Greenbank Investments announces the launch of what it believes to be the first “Green SIPP” to allow ethical investors to capitalise on A-Day opportunities
The Rathbone Greenbank SIPP package offers set-up and ongoing administration of the SIPP wrapper and bespoke discretionary management of the SIPP’s assets against the individual SIPP member’s own ethical criteria.
“To date, most ethical pension products have involved the purchase of a packaged ethical fund with fixed ethical criteria but the Green SIPP will allow investors to take a truly bespoke approach to their financial future that properly meets their concerns about social, environmental and ethical issues,” said Elizabeth Haigh, head of Rathbone Greenbank Investments.
“Pensions are especially appropriate for ethical investing as they are long-term investments, and it is over the long-term that many of the issues our clients are concerned about become particularly important, for example climate change. We believe that companies helping to develop solutions to climate change, such as renewable energy, fuel cells and energy efficiency, are likely to be long-term winners financially.”
Elizabeth Haigh concludes: “The demand for ethical investment products has been growing steadily in recent years and as debates like climate change intensify, we believe this area will become increasingly attractive.”
The Rathbone Greenbank SIPP will be available from the 6 April 2006, either directly or through intermediaries.
- ENDS -
Notes for editors:
“Green SIPP” key features:
Charges
Establishment charge: £300
Annual costs: Up to £500,000: 1.25% pa
In excess of £500,000: 0.75% pa
Different charges apply where an external IFA is involved. Additional administration charges where an external fund manager is appointed to manage part or all of the monies, including any commercial property. A final schedule of charges will be available after 5 April 2006.
For further information, please contact:
Rathbones:
Elizabeth Haigh, Head of Rathbone Greenbank Investments 0117 930 3000
Emily Morris, Marketing Director 020 7399 0000
Quill Communications: 020 7758 2234/2238
Hugo Mortimer-Harvey
Sally Wright
Rathbone Greenbank Investments
Rathbone Greenbank Investments provides personalised and professional investment management services for those who wish to ensure that their investments take account of their environmental, social and ethical concerns. It is a trading name of Rathbone Investment Management Limited, a leading provider of discretionary fund management and wealth management services for private clients and trustees. With eight offices nationally, it manages over £8 billion (as at 31 December 2005) of funds for individuals and their trusts, charities and pension funds, and for the professional advisers of these clients.
Trustee services are provided by Rathbone Trust Company Limited which, like Rathbone Investment Management, is a subsidiary of Rathbone Brothers Plc.
The services described may not be suitable for all recipients and you should seek appropriate advice.
Rathbone Investment Management Limited is authorised and regulated by the Financial Services Authority. Registered office: Port of Liverpool Building, Pier Head, Liverpool L3 1NW. Registered in England No. 1448919. Rathbone Investment Management Limited is part of Rathbone Brothers Plc. Head office 159 New Bond Street, London W1S 2UD.