Savers set to go green, says finance group
Ethical investment is set to rise as Isa savers look to go green, according to new research.
Some 67 per cent of those looking to use their Isa allowance before April are considering putting their money into an eco-friendly scheme, according to Co-Operative Financial Services (CFS).
The research undermines the myth that consumers will compromise their principles in order to make profit, something also suggested by the recent performance of Socially Responsible Investment, it added.
And the CFS has reported that its own green Isas will allow savers to make substantial gains in their returns as well as their conscience, Zach Hoking, head of savings and investments at CFS has commented.
"As green ISAs allow investors to satisfy their hearts as well as their heads, we expect the deadline rush to be the start of a significant rise in the amount of money placed in ethical funds," he said.
Meanwhile, the Daily Mail has advised Isa customers to fix their accounts at a top level while they can - as the rates may not be around forever.
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