Financial advisers will struggle to meet MiFID II sustainability obligations due to patchy data

Lack of product comparability

clock • 2 min read
Asset managers prioritised Article 8 and Article 9 products for the first phase of the European ESG Template reporting, but Morningstar research shows that the data is inconsistent.
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Asset managers prioritised Article 8 and Article 9 products for the first phase of the European ESG Template reporting, but Morningstar research shows that the data is inconsistent.

Financial advisers will struggle to fulfil the sustainability obligations of the amended MiFID II regulation due to patchy data and a lack of direct comparability between products, Morningstar research shows.

From 2 August 2022, the amended MiFID II will require financial advisers to consider clients' sustainability preferences when conducting suitability assessments. If clients express an interest in m...

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