Pioneers Post
social investment

Video: are ethical investors doing enough to tackle payday loans?

24 April 2012
Photo of coin being held up

Low pay and high-interest rate payday loans are two sides of the side of the same coin. Ethical investors could wield significant power to tackle these issues – but are they using their muscle?

At the moment we don't invest in CDFIs or credit unions. It's just not an area where a suitable investment opportunity has been presented to the committee, although it's definitely an area we're watching.

Edward Mason, Church of England Ethical Investment Advisory Group

Low pay and high-interest payday loans are two sides of the side of the same coin. Foundations and investors such as pension funds and the Church of England have billions of pounds of assets under investment – so should they be doing more to assert their influence?

A soggy Tim West and team visited the St. Paul's Institute to hear the issues debated and speak to some leading opinion formers: Catherine Howarth, CEO of Fair Pensions; Edward Mason, secretary of the Church of England's Ethical Investment Advisory Group; former Bishop of Worcester, Rt Revd Dr Peter Selby; and Stella Creasy, Labour and Cooperative MP of Walthamstow.

Watch the full debate here.

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A video of the full evening's debate, as well as footage from other debates and events and details of forthcoming events, is available on the St Paul's Institute website.