More than a third (36%) of wealth management and advice firms want more support in accessing the right sustainable finance and environmental, social and governance (ESG) investment data.
This is according to a survey conducted by the Personal Investment Management and Financial Advice Association (PIMFA) of its members. The trade association found the ESG data market is becoming increasingly challenging for firms to navigate. As a result, only a minority (7%) of advice firms feel they are doing a good job in educating their clients on sustainable finance and ESG investing. This is due to firms being unclear on the different rating systems and methodologies they should use. Client demand for ESG investing products and services have surged. Out of the £6.2bn of net i...
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