Oxford MailHard to be sure of ethical investments, says Bishop of Oxford (From Oxford Mail)

Get involved: send your photos, videos, news & views by texting OXFORD NEWS to 80360 or email us

Hard to be sure of ethical investments, says Bishop of Oxford

Oxford Mail: Rt Rev John Pritchard Rt Rev John Pritchard

ETHICAL purity when it comes to financial investments is “hard to achieve” in the modern day, the Bishop of Oxford has claimed.

His comments follow an announcement that the Church of England will sever all ties with payday loan company Wonga.

Rt Rev John Pritchard told the Oxford Mail: “I’m delighted that the Church of England has been able to sort out this anomaly.

“The problem is that with the multi-layered complexity of financial investments today it’s hard to achieve the ethical purity any of us may seek.

“However, we’ve been able to do it and continue the programme of encouraging credit unions rather than pay day loan companies which, as we know, can drive poorer families to despair.”

On Thursday, the Church of England released a statement to say it had withdrawn all its investment in Wonga and would be focusing on funding its own rival credit provider, the Churches’ Mutual Credit Union.

It is also expected to bring in tighter controls on its venture capital scheme as a result of criticisms made when it first emerged that it had holdings in Wonga.

That prompted the admission from Archbishop of Canterbury Justin Welby that the association was “embarrassing”.

 

  • Do you want alerts delivered straight to your phone via our WhatsApp service? Text NEWS, SPORT and JAYDEN depending on what services you want, and your full name to 07767 417704. Save our number into your phone as Oxford Mail WhatsApp and ensure you have WhatsApp installed.


Our top stories

A40 re-opens after three-car crash near Eynsham

Oxford Mail:

5:05pm Wednesday 20th August 2014

A DUAL carriageway has been re-opened after a three-car crash which seriously injured a male driver.

Work starts on new care home development

Oxford Mail: Resident’s petition to stop new build fails

5:00pm Wednesday 20th August 2014

WORK has begun on a £1.2m care home development in Letcombe Regis near Wantage.

Defibrillator need gets to heart of the matter

Oxford Mail:

5:00pm Wednesday 20th August 2014

THEY can be the difference between life and death, but about 200 more defibrillators are needed in Oxfordshire. The Oxford Mail is backing a senior ambulance manager’s campaign for more of the devices to be installed by rural communities

Man trapped in vehicle after four-car crash on A40

Oxford Mail:

1:53pm Wednesday 20th August 2014

A DRIVER has suffered serious leg injuries after a head-on crash that has closed the A40.

Listen: Coroner in Clint Townsend inquest rules death by misadventure + Audio of sister Hailey paying tribute to him

Oxford Mail: Oxfordshire County Council county hall

12:02pm Wednesday 20th August 2014

A verdict of death by misadventure has been delivered by the coroner in Clint Townsend inquest. 

Four people arrested in connection with letter bomb attack at Oxford army recruitment centre and five others

Oxford Mail:

1:04pm Wednesday 20th August 2014

Four people have been arrested on suspicion of involvement in a spate of attempted dissident republican letter bomb attacks in Northern Ireland and south-east England, including on a number of Armed Forces recruitment offices.

Comments

Comments are closed on this article.

click2find

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree