Surge in demand for ethical investment advice

There has been an increase of over 100 per cent in those people seeking advice on ethical investments, according to IFA Promotions.

The organisation said that 1,933 people have searched its website ethical investment independent financial adviser (IFA) in the last quarter, up 100 per cent on 2005.

The market is also responding to demand and there are now 840 (ten per cent) of IFA Promotion member IFA firms focusing on ethical investments, compared to just 633 (eight per cent) one year ago, and 593 (six per cent) three years ago.

David Elms, chief executive of IFA Promotion, said of the findings: “The rise of the ethical consumer is well documented ñ the popularity of organic food is one example of this.

“However, whilst ethical investments may be less well known, they are nonetheless rising up the agendas of UK investors. Because we deal with over half a million requests for IFAs a year, we can confidently report the advice areas consumers most demand, and ethical investment is without doubt proving more popular.”

© Adfero Ltd

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