FCA updates ESG strategy and says adviser rules on the way

'Advisers should consider sustainability matters in their investment advice'

The Financial Conduct Authority (FCA) has published its ESG strategy setting out its target outcomes and action plan as the United Nations Climate Change Conference (COP 26) continues.

The regulator said supporting the financial sector in driving positive change was an important goal. This included the transition to net zero as the sector had an important role to play in helping the economy adapt to a more sustainable long-term future, it added.  Alongside its updated ESG strategy, the watchdog published a discussion paper on sustainability disclosure requirements which included information on rules for financial advisers which it would formalise in "due course". The paper explored how to introduce rules for financial advisers given the role they play in the investm...