U.K. regulator recruiting advisors to anti-greenwashing fight [Investment Executive - News]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
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Source: Investment Executive - News
As part of its escalating fight against greenwashing, the U.K.’s Financial Conduct Authority (FCA) is establishing a working group to help financial advisors build their expertise in sustainable finance. Along with an industry trade group, the FCA is establishing a group charged with supporting the industry in providing advice to investors about investment products with purported sustainability features. “It is vital that advisers are empowered to fully comprehend and integrate sustainability risks as material financial considerations,” said the chair of the new group, Daniel Godfrey, in a release. “Collectively they can help to steer the whole investment industry towards an alignment of investment strategies with the long-term needs and values of clients.” The FCA, which will participate in the working group as an active observer, has asked the group to report on “how the advice sector can be supported in delivering good practice” in the second half of 2024. The working group’s
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