TISA joins forces with cross-trade body industry group to produce guidance on SDR consumer-facing disclosure
A cross-trade body industry group including The Investment Association, PIMFA, AIC, UKSIF, TISA, the ABI and Eversheds Sutherland commented:
“We support the FCA’s provision to ensure that consumers can access clear and consistent information on the sustainability characteristics of financial products.
In line with FCA recommendations, our cross-trade body industry group has come together to develop a proposed framework and associated guidance for firms adding consumer-facing disclosures to their sustainable investment products. We have suggested guidance and frameworks to cover both products with an SDR label and those unlabelled products using sustainability related terms in naming and/or marketing.
Whilst the guidance and frameworks are not mandatory, they aim to encourage more consistent disclosure between firms, improve product comparability for retail investors and, in turn, allow consumers to make more informed choices when it comes to sustainable investment.”
