Wednesday, November 30, 2011

Standard Life offers SRI funds for group plans

Investors looking for SRI options in their company pension plans have had precious little to choose from. Standard Life aims to fill that void, announcing that it will now offer four Meritas SRI funds for group savings and retirement plans.

“Employers and their advisors can include these investment options immediately as part of a customized plan or, starting at the end of 2011, through the new Monitored Avenue Portfolio Program™ - Socially Responsible Investment options (MAPP-SRI options),” the insurer said in a release. “Standard Life chose funds for the MAPP-SRI options to provide long-term returns that aim to meet the needs of socially responsible investors and proper diversification amongst asset classes. “

A recent survey conducted for Standard Life found that one-third of Canadian investors said they are "very" or "somewhat" interested in SRIs, and 55% indicated that they would consider SRIs if the return was "as good or better" than other investments.

In September, Standard Life added three Meritas SRI Funds to its family of retail segregated funds.

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