Foresters Friendly Society Ethical Child Trust Fund 'Best Buy' recommendation

Thursday, December 17, 2009

Best buy product in a survey undertaken by Ethical Consumer Magazine

The Foresters Friendly Society Ethical Child Trust Fund (ECTF) has been named as a 'Best Buy' product in a survey of the ethical options for investing in children's futures undertaken by Ethical Consumer magazine.

The ECTF, which avoids investing in companies that are believed to be harmful to the environment, people, animals or wildlife, came top in the share Child Trust Fund category of the Ethical Consumer survey.

In naming the ECTF as its 'Best Buy', Ethical Consumer highlighted Foresters Friendly Society's "strict screening of its ethical fund" while awarding the product an overall 'Ethiscore' of 11 out of 20.

Neil Armitage, Marketing Director, Foresters Friendly Society, commented:

"Ethical Consumer judged a wide range of Child Trust Fund products against some very tough criteria examining both the companies providing them and their investment relationships."

"It's therefore very pleasing to see our Ethical Child Trust Fund being picked out entirely independently by the magazine as a 'Best Buy.' This is also good news for our customers who can feel even more confident in the knowledge they have chosen a truly ethical product which will also give their child a financial head start in life."

Ethical Consumer is the UK's leading alternative consumer organisation. Ethical Consumer magazine offers its readers detailed buyer's guides on a wide range of products, as well as news, features and in-depth comment and opinion.