SIF 2022: Advisers must prepare for 'seismic change' towards responsible investing

‘Progress not perfection’

Ayesha Venkataraman
clock • 2 min read

Advisers should brace for changes in the way they operate, advise and recommend funds as the industry moves towards more responsible investing, delegates heard.

Speaking at the Sustainable Investment Festival today, 11 July, Steve Kenny, chief distribution officer at Square Mile said that the industry was headed towards responsible capitalism, possibly leading to the "most fundamental change to the adviser and asset management world since RDR [Retail Distribution Review]." He highlighted the ways in which this change was already underway, with one in seven clients asking about sustainable funds even without regulatory impetus, according to advisers surveyed by Square Mile. In just three years, 40% of surveyed advisers felt that responsible in...

To continue reading this article...

Join Professional Adviser

  • 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.

Join

 

Already a Professional Adviser member?

Login

More on Investment

ESG rises in importance for clients amidst geopolitical crises

ESG rises in importance for clients amidst geopolitical crises

Clients initiating talk around severe weather patterns, security and energy

Sian Barnett Wike
clock 02 December 2022 • 2 min read
Firm issued notices over British Steel advice loses complaint against FCA

Firm issued notices over British Steel advice loses complaint against FCA

Complaints Commissioner confirms case must go to the Upper Tribunal

Hope William-Smith
clock 02 December 2022 • 3 min read
COP27: Ten things we have learnt from the Egypt summit

COP27: Ten things we have learnt from the Egypt summit

A look at some of the key lessons for businesses from COP27

James Murray
clock 30 November 2022 • 20 min read