The FCA, which will also participate as an active observer, has asked the group to report on “how the advice sector can be supported in delivering good practice” in the second half of 2024.
Making ESG products widely and easily available will enable and empower consumers to trust and get involved in ESG investing.
Pimfa’s members will undoubtedly play a hugely significant role in helping consumers navigate the world of sustainability labels, and this new group will help significantly in providing badly needed clarity around the regulator’s expectations on sustainability matters, both in terms of investment advice and in gauging suitability.
Through this new group and beyond, we look forward to supporting both the FCA and government in this endeavour during the coming year and producing effective guidance for firms.
Liz Field is chief executive of Pimfa
