How suitability has changed for the world of ESG investing

Advisers need to make sure they "strengthen" their suitability processes are for the new world of ESG investing, according to the guests on the latest episode of the Responsible Investing: The new normal series of podcasts.

The series is sponsored by Royal London and in the latest episode, reporter Imogen Tew spoke to Ryan Medlock, senior investment development and technical manager at Royal London, and Mark Greenwood, director of compliance services at SimplyBiz, about how the suitability and fact find process will change as a result of increasing expectations from clients and regulators on ESG investing.

They also discussed the impact this could have on centralised investment propositions and what action the Financial Conduct Authority would be taking in the future to strengthen rules around the inclusion of ESG considerations into the suitability process.

They also discuss the issues advisers face in relation to getting reliable data on ESG funds and greenwashing.

The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser.com. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues.


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