Clients have views on how their money is used but these views are not always being captured in the advice process, write Elly Dowding and Lee Coates
The latest Financial Lives Survey 2024 from the Financial Conduct Authority (FCA) sends a clear message to the financial advice profession: responsible investing matters to consumers — and they're waiting for advisers to take the lead. While interest in ESG-aligned investments has been rising for years, this latest data provides hard evidence of a disconnect. The majority of investors — 72% — say they want their money to "do some good" as well as generate returns. And yet, only 18% have ever invested in a responsible fund, with just 11% making an active choice to do so. That's a stri...
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