3 November 2021
The FCA has announced plans to introduce “specific sustainability-related requirements” for advisers as part of its new ESG strategy.
The regulator has published a new Discussion Paper to coincide with COP26 Finance Day, inviting views on potential criteria to classify and label investment products. As part of the Paper, the FCA says it is “exploring the best approach to introducing requirements for financial advisers” in due course.
The FCA said it recognises “the important role that financial advisers play in providing consumers with sufficient information to assess which products meet their needs”.
Building on existing rules, a key aim will be to confirm that advisers “should take sustainability matters into account in their investment advice and understand investors’ preferences on sustainability to ensure their advice is suitable”.
Read more here: https://www.financialreporter.co.uk/regulation/fca-plans-to-introduce-esg-rules-for-advisers.html
