Church probes payday lender 'link'

AOL Money Staff
Justin Welby
Justin Welby

The Church of England has called for an investigation into its own pension fund after it emerged it had links to Wonga - the payday lender the Archbishop of Canterbury said he wants to take on.

The Financial Times said the fund, which claims to have a strong ethical investment policy that explicitly bans companies involved in payday lending, has invested in Accel Partners, the US venture capital firm that led Wonga's 2009 fundraising.