FCA warns bosses on 'poor quality' ESG fund launch applications

Guiding principles also published

Mike Sheen
clock • 3 min read
Head of asset management supervision at the FCA Nick Miller: "We want firms to communicate clearly and avoid making misleading claims"
Image:

Head of asset management supervision at the FCA Nick Miller: "We want firms to communicate clearly and avoid making misleading claims"

The Financial Conduct Authority (FCA) has warned asset managers about the “poor quality” of many ESG fund launch applications it receives, which it said “must improve”.

In response, the regulator has developed a set of guiding principles, informed by stakeholder liaison and consumer research, to help firms apply its existing rules and ensure ESG-related claims are "clear...

To continue reading this article...

Join Investment week

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Regulation

The Chancellor speaks at the Global Investment Summit on 18 October
ESG

UK raises £6bn for green projects in second green gilt

Treasury claims issuance puts UK in top three national issuers of green bonds worldwide, with £16bn raised so far

Cecilia Keating
clock 22 October 2021 • 2 min read
The Aegon Global Sustainable Sovereign Bond fund will be managed by government bond specialists within Aegon AM’s global fixed income platform
ESG

Aegon launches Global Sustainable Sovereign Bond fund at COP26

Strategy will be seeded with £100m from Aegon UK workplace pension fund

Pedro Gonçalves
clock 22 October 2021 • 2 min read
Thomas Coughlin of Kinesis Money

Fool me twice: The lessons we are yet to learn in the 100 years since Weimar hyperinflation

Need to recognise inherent flaws in current system

Thomas Coughlin
clock 22 October 2021 • 3 min read