The Financial Conduct Authority (FCA) has overlooked the adviser market in its Sustainability Disclosure Requirements (SDR) consultation, according to Square Mile.
Speaking at a roundtable on the proposals for the sustainable investment market, chief distribution officer Steve 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, i.e. 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 t...
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