Having offered ESG and sustainable financial advice for a number of years, we are very pleased to be working with specialist ESG & Sustainable compliance company ESG Accord. ESG Accord provide Independent Advice Firms in the UK with an ESG & Sustainable compliance and advice framework.
TFA Managing Director Chris Glazier said…
“The UK Government has announced that they would like companies to take into account climate change in our decision making. This combined with the fundamental shift in values taking place throughout UK towards a more sustainable approach to our lives, means a raft of changes for the financial advice industry.”
“In addition to existing PROD, MIFID II, and the new upcoming Consumer Duty rules, we will need to ensure that we respond to the new regulatory changes expected within the ‘Sustainable Finance Rules’. ESG Accord will help us achieve this smoothly and in a timely way ensuring our advisers, clients and the planet receive the best outcomes.”
These new rules are likely to be significant for Independent Advice firms as Elly Dowding, CEO of ESG Accord explains…
“We seek to address the ESG & Sustainable compliance knowledge gap in Advice Firms and across the fund industry which hinders transparency, market participation and ultimately best practice outcomes within Firms. Our ESG & Sustainable compliance framework compliments the existing compliance oversight within TFA, ensuring they can be responsive to the upcoming regulatory changes. Additionally, TFA will benefit from our ESG & Sustainability due diligence, deepening their ability to deliver best practice to their advisers and ultimately and importantly their clients.”
The ESG & Sustainable compliance framework will support our client centric approach, from our initial disclosure discussions with our clients, through the fact finding and research process, onto our client presentation with accompanying reports and ultimately assist in our compliance record keeping. In conclusion it helps us deliver good outcomes for people, planet and economics.