TFA Prepares for new ESG & Sustainable Finance Rules

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.”