An advisory group has been formed to look at how to make it easier for people to achieve social impact with their investments. Minister for Civil Society Rob Wilson has announced.

The group will include senior representatives from across the investment industry and will be chaired by vice chair of Allianz Global Investors Elizabeth Corley.

The group will provide initial findings on how to increase individual participation in socially themed investments and how to mobilise the industry to achieve these aims by Summer 2017.

In particular the group will consider how the savings, pensions, and investment industries, with the support of government, can make it easier for individual investors to support the causes they care about through their investments.

As part of this, the group will consider the current barriers to development of products with social impact components, and the demand for and distribution of products.

The group will report back to the government with recommendations and advice on what the government should be doing to raise the level of social impact intentionally delivered through the investment chain.

Wilson said he is convinced people want their investments to do good as well as making a financial return.

“I don’t believe they currently have enough options to make that happen,” the Minister said. “I hope the advisory group will be able to chart a course to fix that.”

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