Advisers have generally responded positively to the Financial Conduct Authority's (FCA) final Sustainability Disclosure Requirements (SDR) released earlier this week (28 November), but some still require clarification.
The regulator said 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 came 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". Stakeholders asked for more clarification including whether advisers are expected to understand the labelling...
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