Adviser market 'sidelined' in FCA's sustainability proposals

The advice industry is still waiting for a second, more specific consultation

Beth Brearley
clock • 4 min read

The Financial Conduct Authority (FCA) has overlooked the adviser market in its Sustainability Disclosure Requirements (SDR) consultation, according to Square Mile.

Speaking at a roundtable on the proposals for the sustainable investment market, chief distribution officer Steve Kenny accused the regulator of failing to engage with advisers on the anti-greenwashing rules and sustainable fund labels over the past year. "What I found quite interesting throughout this process is the level of consultation that's taken place between the FCA and what is the biggest distribution place in the UK, i.e. the advice market, has been minimal to say the very least," Kenny said. "So the development of labels - which is admirable and we do fundamentally believe t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Infrastructure: A good investment gone bad – and then good again?

Infrastructure: A good investment gone bad – and then good again?

'Infrastructure - a victim of a unique set of circumstances'

Darius McDermott
clock 02 May 2024 • 5 min read
Investment opportunities 'differ by client age group'

Investment opportunities 'differ by client age group'

‘Advisers should consider personal circumstances when it comes to investment’

Isabel Baxter
clock 02 May 2024 • 1 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 02 May 2024 • 2 min read