Call our Independent Financial Advisers 01727 845500

Simon Prestcote, IFA, Barnet - What is the Make My Money Matter campaign?

Wednesday 11 November, 2020

The campaign recently launched by film director Richard Curtis and Mark Carney, recommends anyone with a pension should review where and how their pension is invested, as they encourage individuals to invest in sustainable companies that ‘do good’ for society.  

The campaign wants to use pension power to encourage companies to move to more sustainable practices.  As the Make My Money Matter campaign points out, if you don’t check where your pension and investments are invested you could find that you are investing in companies that you don’t approve of.

What is sustainable investing?

Given the global challenges the world faces including inequalities, global warming and poverty, companies are under pressure to become more sustainable.  Environmental, social and governance (ESG) criteria are a set of standards to show how a sustainable company should operate.  

Who set up Make My Money Matter campaign 

Richard Curtis is a British screenwriter and a well-known campaigner who was involved in Make Poverty History and Live 8.  Mark Carney, former Bank of England governor is now UN special envoy for climate action and finance.   

According to the Make My Money Matter website ‘we’re calling for our money to be invested in building a future we can be proud of, economies we can rely on, and an environment we can thrive in.  If you have a pension, you have power. So much power that moving to a more sustainable fund can have 27 times as much impact in reducing your carbon footprint than giving up flying and becoming a vegan combined.’ 

Simon Prestcote, Chartered Wealth Manager, Barnet, North London said:

‘According to the Make My Money Matter campaign, 68% of UK savers want their investments to consider people and planet as well as profit.  We are also finding more of our clients are asking us about sustainable investing.  There is a general misnomer that it is just the younger generation that want to invest sustainably, but we find clients from all generations are interested in learning about sustainable investing.  Sometimes our older clients who won’t spend all their investments and want to pass money on to their family are looking to invest it sustainably, so it ultimately helps the planet.  Investing in sustainable companies now will have a powerful effect on how capital is ultimately invested so sustainable companies can prosper.  As an example, as a consumer purchasing a new pair of jeans you are forced to choose from those jeans on offer.  Without doing considerable research it is difficult to know which products have been produced sustainably.  However, if all capital and investment is allocated to the sustainable clothing producers, these companies will prosper, so over time the industry will have to take on more sustainable practices and retailers will have to stock more sustainably produced jeans.’ 

Simon Prestcote member of our North London financial planning team continued:

‘Lonsdale Wealth Management offers sustainable investments from a range of providers and all our financial advisers are happy to discuss and review these products with clients.  If you are new to investing and want to start sustainably investing, we offer an initial consultation to discuss your financial requirements.  To find out more read – Does your IFA offer investments that do good for society?  To find out more about what is meant by sustainable investing, read Richard Porter, independent financial adviser, St Albans – Sustainable investing and the benefits to you and the environment’.

In Summary…

If you are interested in investing your pension or ISA in sustainable products call our Lonsdale Wealth Management independent financial advisers.  Alternatively complete our booking consultation form and your local financial adviser will call you back. 

The value of an investment and the income from it could go down as well as up. The return at the end of the investment period is not guaranteed and you may get back less than you originally invested. 

 

 


 

 

Lonsdale Wealth Management offers clients a choice of sustainable investments - call us now on 01727 845500 for more information

Lonsdale Wealth Management offers clients a choice of sustainable investments - call us now on 01727 845500 for more information

Simon Prestcote, Lonsdale Wealth Management Chartered Wealth Manager, Barnet, North London

Simon Prestcote, Lonsdale Wealth Management Chartered Wealth Manager, Barnet, North London

Book a Free Consultation

Complete the form below and we’ll be in touch.

submit

You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 2018. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.