PensionBee launches fossil fuel free fund

Online pension provider PensionBee has launched a fossil fuel free fund, created in partnership with Legal & General Investment Management.
It tracks an index called the FTSE All-World TPI Transition ex Fossil Fuel ex Tobacco ex Controversies Index, created especially for the fund, and is part of a new Paris-aligned index series designed in collaboration with the Transition Pathway Initiative, FTSE Russell and the Church of England.
Clare Reilly, chief engagement officer, PensionBee, says: “It’s our customers who have made this possible every step of the way, first by telling us they wanted a product that completely excludes companies with oil, gas and coal reserves from their investments, and secondly, by pledging to invest in the fund ahead of its launch.”
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