The Financial Conduct Authority (FCA) plans to set up a working group for the advice industry to help identify how the Sustainability Disclosure Requirements (SDR) and labels support their role.
In its second and final consultation paper released today (28 November 2023) after being pushed back, the FCA revealed that it plans to establish an independent working group for the advice industry to help build on existing capabilities in sustainable finance, including how the SDR and labels support their role. This comes as the regulator noted that it is "aware that not all advisers feel comfortable talking to clients about sustainability". It also follows stakeholders pushing the FCA to introduce or clarify sustainability rules for the advice industry "as soon as possible". Sta...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
