First renewable energy pension fund launched in UK

renewables generalThe world’s first 100% renewable energy pension – a peer-to-peer self- invested personal pension (SIPP) has been launched in the UK by Abundance, the ethical investment platform.

The move follows the recent series of controversial cuts in subsidies by the UK government for renewable industries.

The recent ‘Positive Pensions’ survey conducted by Abundance shows that 34% of ‘Millenials’ would open a pension invested entirely in renewable energy if it was available – twice as many people in older pre-millennium generations.

An Abundance spokesman said: “This represents a significant minority of the millenials population, and suggests a wider interest in this group in putting their money into sectors they see as the future.

Their interest in renewable energy pensions can be attributed to the focus on climate change and meeting future energy needs on the national and global stage today. And they want to put a significant amount of their money into this type of pension, too.

Of those that would open a pension invested in renewable energy, 31% would invest more than 25% of their pension pot into it. A further 42% would invest 10-24% of their pot into the same.”

Abundance and Abundance Generation are trading names of Abundance NRG Ltd which is authorised and regulated by the Financial Services Authority (no. 525432).

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