Advisers could soon have to ask clients about their sustainability preferences in a similar way to attitude to risk, as ESG becomes ingrained in the investment process, according to Quinitin Rayer, head of research and ethical investing at P1 Investment Services.
Speaking to Professional Adviser, Rayer said advisers would be armed with information on sustainability preferences and they could then have to "ensure that their client portfolio meets this attitude". However, he added: "Advisers and providers will have to work on how to create and broach these questions as to not create an inherent bias towards ESG." With providers and asset managers having to produce climate-related financial disclosures it is foreseeable that in reviews and annual statements advisers could have to discuss or at least disclose the impact of their client's portfo...
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