CIS Launches First Ethical CTF
Co-operative Insurance Services launches its ethical investment baby bond account
1st March 2005
CIS, the insurance arm of the Co-op, has announced the launch of the country's first 'ethical' child trust fund account, in partnership with the Children's Mutual.
The funds deposited into the stakeholder account will be invested in the CIS FTSE4Good Tracker Trust.
In order to be included in the FTSE4Good index, companies must follow a range of 'ethical' practives, such as minimising enviromental impact. Some whole industries such as tobacco and arms are excluded.
Martin Clarke, CIS Life and Savings Director, commented:
"The Child Trust initiative will give young people a financial head-start into their adult lives, whatever path they decide to take, safe in the knowledge that their funds placed with CIS are invested in an ethical manner."
Read More: CIS Press Release
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