There are close links between the new Sustainability Disclosure Requirements (SDR) obligations and the Consumer Duty principles for advisers, according to a recent report.
The UK Sustainable Investment and Finance Association and PwC's UK SDR and investment labels report comes after the Financial Conduct Authority announced obligations for distributors, including financial advisers and platforms, to communicate labels and place a notice on overseas products clearly marking that they are not subject to UK labelling and disclosure requirements. Asset managers who took part reported mixed readiness among distributors and a general sense that reliance on external partners could push back managers' timeframes for the labels, the research stated. For advisers...
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