LV= adds eight environmental, social and governance funds to personal pensions range
LV= adds eight environmental, social and governance funds to personal pensions range
LV= is adding eight Environmental Social Governance (ESG) funds to the range of funds available through the LV= Flexible Transitions Account pension plan.
ESG funds take account of environmental, social and governance factors before investing in a wide mix of asset classes.
The funds will be available from 18 November 2019 and have been picked by the LV= Investments team to provide more choice and diversification as people become increasingly mindful about where their money is invested.
Advisers and their clients will be able to choose from a mix of passive and multi-asset funds across different risk ratings. Managed by Liontrust, L&G and M&G, the ESG funds will suit a range of risk profiles from Defensive Managed, Managed and Global Growth funds – which are risk-rated as 3, 6 and 9 respectively by Defaqto.
The list of ESG Funds is below:
As a mutual, our members and advisers expect us to have an ESG focus and support change for environmental and social purposes. We have listened to growing demand from advisers and their clients to offer ESG funds so that ethical investors shouldn’t have to compromise between healthy returns and a clear conscience. In fact there is growing amount of evidence that those companies that take account of environmental and social issues often produce strong long-term returns.
As a modern mutual, LV= pays close attention to sustainability, environment and social issues. We regularly champion ethical initiatives on a corporate level, so enabling more people to invest in ESG funds is the next logical step for us.