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Novia partners with ESG Accord on sustainability initiative

Novia partners with ESG Accord on sustainability initiative
Patrick Mill, chief executive officer at Novia

Novia Financial has partnered with ESG Accord to provide advisers with free access to materials that address clients’ environmental, social and governance concerns.

The Accord Initiative will launch on July 4 and offer access to a suite of compliance, educational, CPD and regulatory analysis services via a website. 

The adviser-focused platform business said it will enable firms to embed investment and suitability processes.

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The site will provide information that financial advisers, compliance consultants, and paraplanners need to increase their knowledge and build an ESG and sustainability framework into their advice process.

Patrick Mill, chief executive officer at Novia, said: “We understand that meeting regulatory requirements can be onerous and at times daunting, especially with so much in flux at the moment. So, if we see an opportunity to help lighten that load a little, we’ll grab it. 

“That’s why we’re supporting the Accord Initiative, it should provide welcome support in ensuring all advice professionals can put the right ESG compliance structures in place and be confident that they are delivering good ESG outcomes to their clients.”

At the core of the site will be a free-to-access suitability framework that spans the full investment spectrum of capital and has been designed to be fit for purpose and in line with existing consumer duty, Prod, SDR and Cobs requirements.

Elly Dowding, director of ESG Accord, said: “Financial services play a key role in the transition to a more sustainable world, which is why we are committed to supporting advisers to help their clients make informed choices for investment preferences across the spectrum of capital part of every advised clients’ financial advice journey. 

“We aim to ensure the Accord Initiative delivers best practice compliance and advice solutions to support financial advisers, their clients and broader market participants.”

sonia.rach@ft.com

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