FIF 2024: IFAs 'critical' first link in sustainable investment shift

Current investment management operating model ‘not fit for purpose’

Jenna Brown
clock • 5 min read

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...

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