Financial and legal experts have recommended how social investments could be properly regulated and deemed appropriate for investors.
Big Society Capital (BSC) – the financial institution created through cash from dormant bank accounts – Worthstone and legal firm Bates Wells & Braithwaite have issued a report that could help establish guidelines for new ‘suitability' principles. Suitability is a regulatory concept used by professional advisers to refer to how social investments are assessed for appropriateness to client needs.