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Quick Takes: July 11, 2007
  

Socially Responsible Retirement


Employers are reacting to the growing trend of workers who want to put their money into socially responsible investments.
By Jessica Marquez
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Socially Responsible Retirement: Employers are reacting to the growing trend of workers who want to put their money into socially responsible investments, according to a recent survey by Mercer Investment Consulting and the Social Investment Forum.

While 19 percent of defined-contribution plans include a socially responsible investment option, 41 percent of plan sponsors plan to introduce this kind of offering into their plans over the next three years. That would represent a 60 percent market penetration for socially responsible investments within defined-contribution plans by 2010.

The report, “Defined Contribution Plan and Socially Responsible Investing in the United States,” predicts continued growth for socially responsible investing. Eighty-one percent of defined-contribution plan administrators, 72 percent of consultants and 47 percent of plan sponsors predict an increasing or steady demand for socially responsible investments over the next five years.


Jessica Marquez is New York bureau chief for Workforce Management.  E-mail editors@workforce.com to comment.


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