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FCA’s Sustainability Group: Shaping the Future of Financial Advice

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TLDR:

  • The UK Financial Conduct Authority (FCA) has created an industry-led working group focused on sustainable finance.
  • The group, chaired by Daniel Godfrey, will assess and promote sustainable investment practices within the advice sector.
  • The group aims to enhance capabilities in sustainable finance and strengthen the UK’s status as a global hub for asset management and sustainable investment.
  • The FCA is proactive in recognizing the importance of sustainability and aims to align the group’s trajectory with sustainable investment practices.

The FCA has established an industry-led working group with the aim of improving sustainable finance practices. The group, chaired by Daniel Godfrey, will assess and promote sustainable investment within the advice sector. The FCA aims to reinforce the UK’s position as a global hub for asset management and sustainable investment. The group’s timeline expects to reveal findings in the latter half of 2024. The FCA has included a diverse membership in the working group to ensure comprehensive and resonant output. Sacha Sadan, Director of Environmental, Social & Governance at the FCA, expressed enthusiasm for the initiative, stating that the FCA is “delighted” for the involvement of Daniel Godfrey and Julia Dreblow. The FCA’s initiative focuses on integrating sustainability considerations into financial advice to ensure investment strategies align with long-term interests and values of clients. With this initiative, the FCA aims to contribute to a future where finance is not just about growth but about growing responsibly.

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