When you set up a My Ethical Choice (ISA), your money will be invested in an investment policy within a Scottish Friendly ISA. The policy then invests in our International Ethical fund. To apply for this ISA you need to be 18 or over and a UK resident. You can subscribe to only one stocks and shares ISA each tax year. For the current tax year the overall maximum you can save in all your ISA types is £20,000. Please remember that this is a medium to long term investment (of at least 5 years, preferably 10 or more). Your investment will grow free from tax, except for any tax we pay on your behalf (such as on dividends from UK shares). Tax treatment will depend on your own individual circumstances and may be subject to change in the future. Investments can go down as well as up and you may get back less than you’ve paid in.
My Ethical Choice (ISA)
Many of us want to be more responsible, especially when it comes to investing. Preparing for the future is important and it can be mutually inclusive of your values, too. Capital at risk.
Could be right for you if...
-
You want to invest from £10 a month or make a lump sum payment of £100 or both
-
You want a single fund choice of an International Ethical fund.
-
You want to manage your ISA online and on the go with our My Plans online portal and mobile app available on The App Store and Google Play.
About our My Ethical Choice (ISA)
When you set up a My Ethical Choice (ISA), your money will be invested in an investment policy within a Scottish Friendly ISA. The policy then invests in our International Ethical fund, which you can read more about in the 'Invest in a single fund' section.
Flexible payments let you invest from £10 a month, or make a lump sum payment of £100 or both.
Invest alongside other ISA types up to your annual £20,000 ISA limit.
You can also choose to automatically raise your monthly payment amount by a set percentage every year - e.g. 2.5%, 5% or 10%. This is called your yearly payment increase rate.
Get a welcome gift worth up to £45 after you start investing. Terms apply.
Winner of 'Leading Mutual Insurer' and 'Best Tax Efficient Products Provider UK' at the World Business Outlook Awards 2023.
Could you invest more?
If you would like to pay in regular contributions of £100 a month or more and don’t need the flexibility of stopping, lowering or restarting your payments, we have another product that could be more suited to you. My Prime (ISA) gives you access to the same fund, whilst enabling you to invest more.
Invest in a single fund
When you set up a My Ethical Choice (ISA), your money will be invested in a single fund - the International Ethical fund.
This information and Key Information Document (KID) below gives you an overview of the fund, including any charges, and should be read alongside the Product Guide.
International Ethical fund
Higher expected risk and return
Fund Summary
- Designed to invest in shares of global companies that have been assessed to meet ethical criteria.
Benefits
- An investment linked to an index that includes global companies but minimal, if any, direct exposure to non-renewable energy, adult entertainment, alcohol, gambling, tobacco or weapons and companies that do not meet the UN Global Compact Principles.
Things to think about
- Give your money access to the long-term growth potential of ethical global growth.
- Your cash-in value can rise and fall daily and you could get back less than you have paid in.
- Your fund’s performance will depend mainly on the movement in global stock markets but also on the specific value of the qualifying stocks and shares contained within the underlying fund. Also, as a fund which is linked to international stocks and shares your return will also be exposed to movements in the currency markets.
- The fund’s ethical criteria does not reduce the investment risk associated with this form of investment.
- Your own views on ethical investing may change over time and therefore this fund may no longer meet your own personal views of ethical investing.
What you could get back?
See how your money could grow based on your premium and fund choice within a My Ethical Choice (ISA). This tool provides examples of what you could get back in the future based on a payment amount.
Projected returns on
- lump sum
- per month
- Invested in the
- Over years at
- yearly payment increase rate
- * Total amount invested of at per month
ISA Prize Draw
It's good to get into a regular savings and investment habit. Plus when you open a new ISA or add a new policy to your existing ISA with us, you'll automatically be entered into our prize draw for a chance to be one of three lucky winners to win back the total amount you've invested this tax year, up to £20,000!
Exclusions, terms and conditions apply
My Rewards gift voucher
After you apply we’ll send you a welcome gift – a My Rewards gift voucher worth up to £45.
The more you choose to invest each month, the greater the value of your welcome gift. You can redeem your voucher at numerous retailers throughout the UK including Argos, John Lewis & Partners, and Marks & Spencer.
We will send your My Rewards voucher within 28 days of receiving your first payment. Once registered you will be able to access the full list of retailers.
We reserve the right to refuse the issue of gifts where multiple ISA applications have been made, and where we consider that the terms of this reward offer have been abused.
| Premium | Gift voucher value |
|---|---|
|
£10- £14.99 |
£15 My Rewards voucher |
My Benefits discount card
Another bonus we have to help our customers is our My Benefits Vectis discount card. After you have signed up for My Plans and opted to go paperless, we'll send you out the card in the post. Once you register the card online you are ready to make some fantastic savings and take advantage of special offers from leading brands such as ASDA, Waitrose, John Lewis and partners, B&Q, Currys, Sainsburys and many many more! You can also download the Vectis Card app in the App Store or Google Play, then use the card via the app on your mobile.
Ready to start investing?
It takes around five minutes to get started. You’ll just need a debit card and your national insurance number to hand. Please make sure you’ve read the Product Guide and the Key Information Document for the fund you wish to select.
Helping families to save and invest for 160 years
-
Proud to be a mutual
We’re owned and run for the benefit of our members - people like you!
-
Award winning
We are proud of our achievements over the years and the awards we have won for our products and services.
-
Supporting the community
We care about our people, customers and our role in supporting the wider community.