Just 1% of financial advisers and wealth managers “completely trust” sustainability claims from funds, a research report by the Association of Investment Companies (AIC) has found.
109 financial advisers and 91 wealth managers were asked to rate their trust in funds' sustainability claims on a scale of 1 (do not trust at all) to 5 (completely trust). Only 1% of respondents responded with a ‘5' score, while the 56% responded with ‘3', indicating limited trust. Despite scepticism about ESG claims, financial advisers and wealth managers remain supportive of ESG investing. About four-fifths (79%) noted that "investments should make a positive difference as well as a financial return". FCA: SDR 'very different' regime to SFDR Nearly half of respondents (48%) cons...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
