Carbon Credits: The Alternative Investment to Help Combat the Pension Crisis
The UK is facing a pension crisis, made up of an ageing population living longer than previous generations and yet who are increasingly unprepared for their retirement. Individuals are disenchanted with the government’s handling of scandals within the world of private pensions and the state pension is the least generous in the Western World. Little wonder, then, that people are turning to new forms of pensions, such as alternative green investments, reports London Carbon Credit Company (http://www.londonccc.co.uk).
In 2006, the parameters of Self Invested Personal Pensions (SIPPs) were widened to incorporate a range of investment types, including home and overseas real estate, and a number of green investments including carbon credits. Following this SIPPs became a popular alternative to a standard pension, allowing people to invest in a number of asset classes, transfer existing pensions into a SIPP and enjoy a high level of tax relief. People were attracted to the level of control offered by SIPPs, no longer having to rely on the decisions of a pension fund manager but instead being able to choose for themselves where to invest for their retirement.
Since the global economic downturn, some SIPP investors have become concerned about relying on the traditional form of share investing on the stock market for their retirement. Green and ethical investments are alternative investments that an increasing number of people are looking to as pension investments with more ethical credibility and potentially lower risk.
Choosing carbon offsets for pension investments is showing particular popularity as carbon trading continues to increase in attractiveness following legislation such as the Australian Carbon Tax bill. Now SIPPs investors can harness the power of the hot topic of our times – energy efficiency – for the benefit of their retirement fund. If you would like to know how to enter the world of carbon trading for your pension, find out more at the London Carbon Credit Company website at http://www.londonccc.co.uk/.
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