Adviser market sidelined in FCA's sustainability proposals

Adviser consultation on SDR 'minimal to say the very least'

Beth Brearley
clock • 4 min read

The Financial Conduct Authority (FCA) has overlooked the adviser market in its Sustainability Disclosure Requirements (SDR) consultation, claims Square Mile's chief distribution officer Steve Kenny.

Speaking at a roundtable on the proposals for the sustainable investment market, Kenny accused the regulator of failing to engage with advisers on the anti-greenwashing rules and sustainable fund labels over the past year. "What I found quite interesting throughout this process is the level of consultation that's taken place between the FCA and what is the biggest distribution place in the UK, ie the advice market, has been minimal to say the very least," Kenny said. "So the development of labels - which is admirable and we do fundamentally believe that moving into an environment with...

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