Union Bancaire Privée (UBP) has become a founding member of The Big Exchange.

The Big Exchange, which is co-founded by the Big Issue, is a mobile-first, mission-led, financial services proposition which aims to open saving and investing to everyone. It will offer funds to retail investors from its launch, charging among the lowest possible rates in the market while investing in businesses that have a positive impact on society and worldwide.

UBP is joining forces with other firms to support the financial system when it launches, including Aberdeen Standard Investments, Alquity, AllianceBernstein, Columbia Threadneedle, Pictet, Quilter, Stewart Investors, Civitas Social Housing PLC, UBP, Tortoise, WHEB and Liontrust.

The UBAM - Positive Impact Equity Fund will be available on The Big Exchange. It provides investors with exposure to a focused portfolio of listed equities which are aligned to the UN’s Sustainable Development Goals. This includes companies with revenue streams that address pressing environmental and societal challenges worldwide. Additional UBP sustainable funds will also join at a later date.

For accessing these funds, The Big Exchange will charge a fee of 25 basis points or £0.25 for every £100 invested, excluding management fees.

Jean-Luc Eyssautier, head of UK Sales and Marketing at Union Bancaire Privée believed that The Big Exchange will empower retail investors with the ability to make socially conscious investment choices.

He said: “We are excited to be part of this cross-industry partnership, which provides an opportunity to enable all investors to build a better society. An engaged and informed retail investment community is key to the success of impact investing. Together with the other founding members, we are aiming to provide retail investors with an accessible, modern and clear platform, which empowers them to make choices which align their financial goals with their views on the planet and society.”