The Healthy Investment Board appoints Legal & General Investment Management to manage the investments in its Ethical With-profits Fund.

The With-profits Fund which, as at 31 December 2023. has assets in excess of £100 million, will continue to be managed ethically, with both strict exemptions on industries that funds can be invested in and from a commitment to invest in companies that demonstrate good social, governance and environmental standards.

Peter Green, Chief Executive of Healthy Investment commented ‘We selected to partner with Legal and General Investment Management due to their commitment to ethical investing which aligns closely with our ethical standards and that of our members.’

Legal and General are one of the UKs best respected fund managers. With over £1.2 trillion invested they are able to use their scale to influence companies to ensure that they do the right thing. They are signatories to the UN Principles of Responsible Investment and the UK Stewardship Code, founding members of the UK Investor Forum and members of the One Planet Asset Management Initiative.

Legal and General will be responsible for advising the Healthy Investment Board and actuarial team on asset allocation and on the investments within it’s main Ethical With-profits Fund, the Coventry Assurance Fund and it’s Child Trust Funds and continuation ISAs.

Investing with Healthy Investment means that we actively seek the right investment managers to work with and then, working in partnership, continuously monitor their performance, service and ethical credentials.

We know that fund performance is important to our members and to the financial advisers that trust their clients to us. We believe that this partnership with Legal & General will help drive sustainable returns for members and grow the With-profits Fund.

The Society previously used abrdn as its outsourced discretionary fund managers with the transition to Legal & General being completed just before the end of 2023.

Justine Morrissey, the Society’s Director of Finance and Risk, who was responsible for the transition explained, ‘There were many reasons for appointing Legal & General Investment Management as fund managers. We were impressed with their expertise, the level of service they provide and their commitment to investing sustainably for the benefit of the world in which we all live. Ultimately our objective is to give members a fair return generated fairly.’

If you’d like to know more about how our With-profits Fund is invested or our ethical standards you can contact us:

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