Financial advisers are the “critical” first link in the investment chain’s transition to a long-term absolute return focus, delegates at 2024 Future of Investment Festival heard.
Advisers' Sustainability Group (ASG) chair Daniel Godfrey said the current investment management operating model was "not fit for purpose" and needed to shift away from short-term returns. Godfrey, who leads the Financial Conduct Authority's (FCA) ASG with vice chair Julia Dreblow, said it was essential that investment management changed its focus to long-term sustainability in order to ensure the planet's future. He said: "Based on our current direction of travel the most likely future in our stars is the collapse of civilisation and unimaginable pain and suffering. This is for three...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
