HM Treasury has said it is working with the Financial Conduct Authority to figure out how to introduce “sustainability-related” requirements for financial advisers.
A key aim of its work, the Treasury said, was to make sure advisers "take sustainability matters into account in their investment advice and understand investors' sustainability preferences to ensure suitability of advice". The government department did not set out any more detail on the incoming sustainability rules for financial advisers in its Greening Finance: A Roadmap to Sustainable Investing policy paper. Instead, it said proposals, which will be subject to consultation and cost benefit analysis, will be set out on a different timescale to proposals for financial market partic...
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