All Wesleyan funds, including With Profits, to adopt sustainable investing approach

sustain-2021-08-28-06-23-35-utc small
  • Author : William Glyn-Jones
  • Date : 15 Oct 2021

Wesleyan’s flagship With Profits fund, which recently became available on the Novia platform (the first time With Profits has been available on a platform) has now moved, along with all of Wesleyan’s directly managed investment funds, to a new set of sustainable investing principles.

This approach to investing will be focused on having a positive impact and driving change, as well as reducing harm. To ensure that their own-managed investment funds meet these three criteria, the mutual has removed tens of millions of pounds worth of investments in companies that failed to meet them, while investing further in the ones that do.

Martin Lawrence, director of investments at Wesleyan Group, said: “As a mutual it matters to us that our investments do two things – deliver strong returns for everyone who invests with us and align with the issues that matter to them.

“We know from talking to our members and customers that taking care of the world we all live in, both at home and further afield, is hugely important to them.

“That’s why we’re working to ensure our funds contribute to making positive changes around the world – from supporting innovation in carbon reduction technology to delivering against social goals.”

Wesleyan is a member of the Principles for Responsible Investment (PRI), a United Nations supported network of investors that works together to drive best-practice on Environmental, Social and Governance (ESG) issues, and a signatory of Climate Action 100+, an organisation focused on ensuring the world’s largest greenhouse gas emitters take necessary action on climate change.

It also continues to invest profits back into various causes, including those organisations that are building a greener future for all. As of this year, Wesleyan has awarded more than £3.5 million to causes across the UK, helping more than 100,000 people through the Wesleyan Foundation.

Lawrence continued: “Our customers no longer need to decide whether they prioritise doing the best for their investments or doing the best for the planet. They can do both.

“Today’s move means they can choose whichever fund is most-suited to their needs, safe in the knowledge that it is also managed in line with our sustainable investing principles.”

Wesleyan manages around £8bn of funds and invests in a variety of assets from stocks to property and bonds. Its new approach applies to all the funds it directly manages, with the aim of achieving better outcomes for its customers, the planet and the communities they live and work within.

About Wesleyan:

 

  • Wesleyan provides specialist financial advice and solutions for doctors, dentists and teachers.
  • Wesleyan is a mutual founded in Birmingham in 1841 and celebrates its 180th anniversary this year.
  • The Wesleyan Group has £7.9 billion of assets under management as at 31 December 2020.
  • Wesleyan Head Office: PO Box 3420, Colmore Circus Birmingham B4 6AR. Website: www.wesleyan.co.uk

Related reading

Novia reports strong growth in 2021

Novia Financial, which was acquired by private equity firm AnaCap in April last year, is thriving under its new owners with new leadership and promises continued focus on market-leading service…

Read more >

Novia Financial and Wealthtime to be unified under Wealthtime group brand

Anacap-owned platforms Novia and Wealthtime are to be unified under a single group brand Wealthtime. The decision to rebrand is the final stage of a strategic review that was instigated…

Read more >

News

Novia reports strong growth in 2021

28 June 2022

Novia Financial, which was acquired by private equity firm AnaCap in April last year, is thriving under its new owners with new leadership and promises continued focus on market-leading service…

Read more >

Insights

Guest Spot: Inflation and market volatility: where do investors go from here?

1 July 2022

Recent global and domestic events will have made many investors nervous. The UK economy is being buffeted by rampant inflation, with households seeing the largest rise in prices in more than…

Read more >

In the Media

Ask yourself tough questions if selling your business – Keith Furniss

6 May 2021

But before you jump, you really need to ask yourself rigorously: ‘What exactly do I want to achieve?’ This will be a new experience to you and probably the biggest financial…

Read more >

Videos

Novia User Update – Our latest enhancement to our Guaranteed Income solution

11 May 2021

For our latest enhancement, Implementation Executive Mark Wedge gives the latest User Update for Novia’s Guaranteed Income solution…