Open a savings account: New guide advises on ethical investment

A guide has been released which encourages financial advisers to mark National Ethical Investment Week (NEIW), those looking to open a savings account have been told.

The advice document, released by UK Sustainable Investment and Finance (UKSIF), provides practical tips on how advisers can engage with clients on green and ethical investment opportunities.

Penny Shepherd, chief executive of UKSIF, said that BP's recent oil well crisis has shown how economic and environmental factors can be closely related in terms of company performance.

Ms Shepherd added: "Ethical investing is no longer just a minority concern. This increasing interest from clients presents a real business opportunity. NEIW is a good time for advisers to explore both client interest and financial opportunities from the green investment revolution."

Last week, Jason Riddle from Save our Savers said that low interest rates will not dissuade those who want to open a savings account from putting money aside.