Nearly half of advisers are not aware of impending regulation around discussing Environmental Social and Governance (ESG) investing with clients, as research revealed a "lack of preparedness" around the issue.
Square Mile Investment Consulting and Research found that fewer than half (47%) of advisers were unaware of incoming changes to Markets in Financial Instruments Directive II (MiFID II) requiring advisers to incorporate ESG considerations within their suitability requirements. The study, which surveyed 184 advisers across the UK, also found a similar number (46%) included ESG in their attitude to risk questionnaires and just two in five (39%) have integrated it into their centralised investment proposition (CIP). Satis Wealth Management director and Chartered financial planner David He...
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