Charities launch socially responsible pension funds
Howard Lake | 8 January 2001 | News
Oxfam and Christian Aid have announced that they are transferring their pension funds out of arms, nuclear and tobacco firm investments.
Oxfam and Christian Aid have announced that they are transferring their pension funds out of arms, nuclear and tobacco firm investments.
The joint fund will be worth £53m and is intended to reflect the charities’ ethical concerns whilst adhering to legal requirements regarding maximisation of financial return.
Other charities are expected to join the scheme.
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Read “Charities pull funds out of arms firms” by John Ezard at SocietyGuardian.
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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.