Flexible
There is no fixed term of years (although you should consider it a medium to long term investment, typically 5 years or more)
There is no set premium – you can pay in regularly by direct debit of £25 or more and / or invest lump sums at any time up to the annual ISA limit. If you pay by Direct Debit you can alter the amount whenever you want or even stop paying for a period of time.
You can make withdrawals at any time, although this will obviously affect the total return
You can transfer ISAs from other providers to us or transfer your Red Rose ISA to another provider
More about the fund
We all hear and read about issues facing society on a daily basis, whether it is looking
after our precious planet and its resources, the treatment of employees and diversity
policies in companies, how some companies have abused their power or disregarded their
impact on communities and the environment (for example some global car makers falsifying
diesel emission figures and clothing firms using slave labour).
This fund prioritises its investments towards companies that show good practice in these
3 areas – Environmental, Social and Governance - and reduces investment in companies
demonstrating poor performance in these areas. Because of the size of the funds under
management, this is a positive way to influence companies to improve their ESG behaviours.
Where does the Fund invest?
The Fund is managed by a specialist team at Legal and General. It invests in global developed-market equities, mainly large companies in a variety of countries and sectors, including Communications and Technology, Consumer, Industrials, Financial Services and Commodities.
Each firm is given an ESG score, based on the following factors:
Environmental - Environmental issues relating to our planet, such as climate change, deforestation, resource usage and recycling.
Social - Social issues centre on companies having the right culture including treating all workers fairly regardless of gender, race, ethnicity, sexual orientation etc.
Governance - Governance involves ensuring that companies are run properly, balancing the needs of shareholders, all employees, customers and the local community.
It does not invest in companies whose only activity is coal mining, manufacturers of controversial weapons, or perennial offenders of the UN Global Compact.
The United Nations (UN) Global Compact is designed to encourage businesses worldwide to adopt sustainable and socially responsible policies in areas of human rights, labour, the environment, and anti-corruption.