The Financial Conduct Authority currently has no plans to publish a separate response to an open letter submitted by the chair of the FCA-convened Advisers Sustainability Group (ASG), Professional Adviser sister title Investment Week understands.
The letter requested the FCA explains its views on how advisers should engage with clients around sustainability topics and was published following the release of the landmark ASG report, Sustainability in Practice: Guidance for Advisers and Trainers, in early September. It urged the regulator to clarify its views on issues where the absence of a clear position "creates uncertainty that will likely limit the adoption and long-term success of the ASG's recommendations". At an event launching the report, FCA senior adviser Sacha Sadan said the regulator would "definitely" respond to the...
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