Tam Asset Management plans SRI pension

Tam Asset Management is to launch a socially responsible pension portfolio, bringing together a “packaged solution” for ethical retirement saving.

Lester Petch, chief executive officer of the discretionary manager, said the solution will be available through a pension provider that has all major wraps available, including Sipps, group Sipps, Qrops and Qnups.

“It allows them all to have a socially responsible packaged option,” he said.

Mr Petch said that although self-investing pension savers could build an ethical portfolio themselves, the Tam portfolio would provide a ready-built packaged solution.

“Instead of effectively self-selecting it, you can have a packaged socially responsible pension managed during the lifetime,” he said. “There is no complete, across-the-market socially responsible option in pensions.”

It will be piloted in December, Mr Petch added.