Marks and Spencer have announced their new Ethical Investment Fund which will invest in UK based organisations that make a positive contribution both to the environment and the communities in which they have an effect.
Investors are driven by more than just money now, wishing to consider where their money is invested as well as how much it earns. The M&S Ethical Investment Fund is perfect then for this type of conscientious investor and is also expecting to generate good returns too. In fact an ethical fund topped the charts of all investment funds only last week, so there is clearly plenty of growth potential.
The fund will be managed jointly by Jupiter Asset Management and Sinopia Asset Mgt, two organisations with good track records in the ethical investment arena. For those wishing to learn more about the new fund there is information available via the Marks and Spencer website.
According to a study carried out by the Abbey National recently a number of UK people are dipping into their savings in order to pay their ongoing bills.
The Abbey National was looking specifically at money held in ISAs and, having seen around GBP6 billion taken out of them asked customers what the money had been used for. Just over 30 percent of people said it was to cover day to day expenses, the most popular answer provided.
Although it can seem easy to use savings to cover costs the issue comes a little later said an Abbey National spokesman. If a cash ISA had the maximum put into it then any withdrawals cannot be made up later, leaving the account holder with a reduced return through interest.
9 out of 10 Brits believe it is important to save according to a study carried out by the Nationwide Building Society.
Although it is good to see so many people recognising the importance of having a fund of money to call upon should it be needed only around 55 percent of people actually put money aside on a regular basis. Approximately 25 percent of people save money occasionally whilst almost 20 percent do not have savings at all.
This situation is not through choice in many instances though,as a Nationwide Building Society spokesman explained. With the cost of simply paying bills, buying food and running a car stampeding ever higher it becomes financially impossible for many people to save regularly, if at all. This is a shame since some of the best savings rates for many years are now available to customers.
See how Nationwide Building Society savings accounts compare at Moneygossip.co.uk
