W hen you invest in an e th ic a l fu nd , you w a n t to b e su re it's ju s t th a t : e th ical. You'd r a th e r your m oney d id n 't g o to com p an ie s which harm th e w o rld or its in h ab i tan ts . A t th e sam e tim e , y o u 'd p re fe r y our e th ic a l fu n d to su p p o r t businesses which m ake a positive c o n tr ib u t io n to society and th e e n v iro nm en t (for exam p le , by p ractising e ffective w a s te m a n a g em e n t and po l lu t io n control).

The principle of good Stewardship Most o f us believe w e should m an ag e th e w o r ld responsibly fo r f u tu r e as well as p re sen t g en e ra t io n s . And th is is th e principle t h a t led Friends P rov id en t to s ta r t S tew a rd sh ip in 1984.

Making a bigger difference As th e m an a g e r o f th e la rg e s t e th ical fu n d s u n d e r m an a g em e n t in th e UK, Friends P rovident is ab le to ex e r t an in flu ence across a w id e range o f concerns. Over h a lf o f all th e m oney in UK re ta il e th ical funds is invested th ro u g h S tew a rd sh ip , which has a ro u nd £1 billion o f fu n d s u n d e r m an ag em en t . That's w hy w e have no h e s i ta t io n in exercising o u r fin ancial muscle to press fo r m o re socially responsible business p ractices.

Strictly ethical S tew a rd sh ip has its ow n C omm itte e o f Reference, a d e d ic a te d te am o f in d ep e n d en t ly -m in d e d experts, to id en tify com panies t h a t satisfy our strict e th ical c riteria. They m ee t regularly to consider carefully which com panies a re a c c ep ta b le to us. They a re a id ed by specially commissioned research from th e in d e p e n d e n t Ethical Investm en t Research Service (EIRIS), which m onitors th e activities o f cu rren t and p o te n t ia l investm ents. And w ith a long experience o f m anaging e th ical investm ents, o u r S tew a rdship fu n d m anagers a re well qualified to se lect th e i r portfo lio s from S tew ardship's approved list o f com panies. All o f which is o u r w ay o f m aking su re th e re tu rn s on your in vestm en t will be d e cen t .

S tewardship E t h i c a l I n v e s t m e n t

Acting on your principles

FRIENDS PROVIDENT

For m o re in fo rm a t io n on S tew a rd sh ip savings, m o r tg a g e s , p en s io n s and in v e s tm en ts , p l e a s e c o n t a c t y o u r f i n a n c ia l a d v i s e r o r c a ll u s o n 0 8 0 0 0 0 0 0 80 . Issued by the Friends Provident Marketing Group which is regulated by the Personal Investment Authority. Past performance is not necessarily a guide to future performance. The value of an investment and any income from it is not guaranteed and can go up and down depending on investment performance. Full details are available on request from any Friends Provident office.