Newly Established Advisers’ Sustainability Group Announces Founding Members

The Financial Conduct Authority (FCA) has recently announced the launch of the Advisers’ Sustainability Group, which aims to provide guidance for financial advisers when navigating products featuring sustainability claims. The group has unveiled its initial membership, showcasing a diverse array of industry professionals joining forces to lead this new initiative.

Leading the group is Daniel Godfrey, a highly esteemed figure in the finance sector, who will serve as the chair. Joining him is Julia Dreblow, founder of SRI Services and the Fund EcoMarket, as the vice-chair, and Maja Erceg from PIMFA as the secretariat.

The founding membership is comprised of individuals from various sectors of the financial advice industry, ensuring a comprehensive representation of different viewpoints and interests. The group is also dedicated to engaging with stakeholders outside of the core membership to ensure a balanced perspective, including the viewpoints of consumers.

The FCA will actively monitor the group’s progress and has set a deadline for the delivery of its guidance, expected to be completed by the second half of 2024.

In a statement, Daniel Godfrey expressed his gratitude for the overwhelming support received from various stakeholders in the advice community. He highlighted the group’s primary mission of developing guidance that will aid advisers in delivering sustainable advice, ultimately resulting in positive outcomes for consumers.

Vice chair Julia Dreblow echoed Godfrey’s sentiments, emphasizing the intentionally diverse composition of the group, ensuring that a broad spectrum of adviser, planner, and wealth manager interests and views are represented. She also expressed eagerness in involving others who have offered their assistance, reflecting the inclusive approach the group aims to take.

The newly established Advisers’ Sustainability Group presents an important step towards ensuring that consumers receive sound advice when it comes to sustainability-focused financial products. With a team of industry specialists at the helm, the group holds promise in setting the standards for good practice guidance within the financial advice landscape.

As the group continues its work, there is great potential for meaningful contributions that will benefit both industry professionals and consumers alike. The collaboration and dedication of the founding members pave the way for a responsible and sustainable future in financial advice.