FCA speaks on sustainable investment products

Sacha Sadan, the FCA’s director of sustainable finance, has spoken on the impact of the sustainable investment product regime. He noted that the FCA’s Financial Lives survey had shown that 81% of adults would like their investments to do some good, but weren’t confident about believing sustainability related claims. He spoke of the FCA’s initiative to introduce:

• product labels;
• naming and marketing requirements; and
• the anti-greenwashing rule

He said the regime is flexible, which can mean it may be uncertain, and said the FCA appreciates that fund managers will need time to phase in the new approach.