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...
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