'Worrying disconnect': Advisers at risk of being painted as SDR missing link

As COP30 wrapped up in Belém, the headlines were predictable: no dramatic fossil fuel phase-out, but a package of incremental advances, more roadmaps and more pledges. The commentary that cut through the noise, for us, was Lord Stern's balanced assessment - neither doom-laden nor cheerleading, just clear-eyed about what's implied by the Paris Agreement, whether or not anyone writes "phase-out" in 72-point font. That framing matters for advisers. The Paris Agreement already implies a transition away from high-carbon activities. Just as, closer to home, the Financial Conduct Authority'...